Butterfield prices $100m debt offering

  • Debt offering: Butterfield Bank has priced $100 million of 5.25 per cent fixed to floating notes (File photograph)

    Debt offering: Butterfield Bank has priced $100 million of 5.25 per cent fixed to floating notes (File photograph)


Butterfield Bank has priced a $100 million registered debt offering.

The bank said tonight that the 5.25 per cent fixed to floating subordinated notes, due 2030, was expected to close on or about June 11, 2020, subject to customary closing conditions.

Butterfield intends to use the net proceeds from the offering for “general corporate purposes, which may include the repayment of a portion or all of its outstanding indebtedness”.

Keefe, Bruyette&Woods, A Stifel Company, is acting as the book-running manager, with Barclays Capital acting as co-manager.

The offering is being made only by means of a prospectus and related prospectus supplement. Copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained from Keefe, Bruyette&Woods, A Stifel Company, at 1-800-966-1559. Electronic copies of these documents are also available on the website of the US Securities and Exchange Commission at www.sec.gov.

You must be registered or signed-in to post comment or to vote.

Published Jun 4, 2020 at 7:12 pm (Updated Jun 4, 2020 at 7:12 pm)

Butterfield prices $100m debt offering

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    Today's Obituaries

    eMoo Posts