First Internet Bancorp to Sell Baby Bonds

First Internet Bancorp (NASDAQ:INBK) will sell a new issue of fixed to floating rate baby bonds with a maturity date in 2029.

Of course no details are known at this time–it is known they will be the normal quarterly payments and of course being interest they are not qualified nor will they trade OTC Grey market prior to trading on NASDAQ.

The preliminary prospectus is here.

The company has 1 other fixed to floating rate baby bond outstanding and you can see it here.

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