trending Market Intelligence /marketintelligence/en/news-insights/trending/rLOJ_N4dlDwyBXcI3piSoA2 content esgSubNav
In This List

Mid Penn Bancorp sells $10M sub debt

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Mid Penn Bancorp sells $10M sub debt

Mid Penn Bancorp Inc. investors on Dec. 19 entered into agreements to buy $10.0 million of the Millersburg, Pa.-based company's redeemable subordinated notes.

The notes pay an annual interest rate of 5.25% for the first five years and then float at the Wall Street Journal prime rate plus 0.50%, with certain conditions.

The notes mature Jan. 1, 2028.