Customers Bancorp (CUBI) will be selling a small issue of $25 subordinated notes with a due date in 2034. Details are not known but I believe the issuance will be 1-1.5 million shares (bonds).
Of course CUBI has numerous issues of preferred stock outstanding and they have always seemed to be favorites with investors.
Their preferreds outstanding can be found here. All 4 issues outstandings are fixed-to-floating rate issues.
Note that within the preliminary prospectus for the new notes the company states they ‘may redeem shares of our preferred stock once they become redeemable’. The next issue available for redemption is the CUBI-C 7% issue which is redeemable in June, 2020.
The preliminary prospectus can be found here.