Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Monday, February 9, 2:43 PM
Slide #556. Zions Bancorporation — Preferred Stock Offering
| Company: |
Zions Bancorporation (NASDAQ:ZION) |
| Date announced: |
5/13/2013 |
| Price Per Share: |
$1,000.00 |
| Preferred Stock Offering Details: |
Zions Bancorporation announced its plans to offer $100,000,000 to $250,000,000 aggregate liquidation preference of Series I fixed/floating rate non-cumulative perpetual preferred stock pursuant to a prospectus supplement dated May 13, 2013 to its prospectus dated April 4, 2011. The public offering price of each share will be equal to the liquidation preference per share, or $1,000.00. During the auction period, bids can be submitted for the dividend rate for the shares at or above a minimum of 5.45% per share (in increments of 0.05%) and up to and including the maximum dividend rate of 5.95% per share. The dividend rate, allocation and amount of shares to be sold in this offering will be determined by an online auction process facilitated by Zions Direct, Inc. ("Zions Direct"), as auction service provider. Deutsche Bank Securities Inc., Goldman, Sachs & Co., Keefe, Bruyette & Woods, Inc., Macquarie Capital (USA) Inc. and Zions Direct are serving as underwriters and joint book-running managers for the offering. |
Zions Bancorporation, N.A. is a premier financial services company. It provides a range of banking products and related services, primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It conducts its operations primarily through seven managed and geographically defined bank divisions, each with its own local branding and management. Its products and services include commercial and small business banking, capital markets and investment banking, commercial real estate lending, retail banking, and wealth management.
Preferreds: ZB.PRB, ZIONP, ZB.PRC, ZB.PRF, ZIONO, ZIONN
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