Sector: Banking
Capital One Financial Corporation 5.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series I
Redeemable only on a dividend payment date
Merchants Bancorp 6.00% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock
Coupon is fixed until 10/1/2024 at 6.00% after which it begins to float at a rate of 3 month Libor plus a spread of 4.569%
May only be redeemed on a dividend payment date
Synovus Financial Corp Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E
Coupon is fixed until 7/1/2024 at which time the coupon will be reset at a rate of the 5 Year Treasury plus a spread of 4.127%. It will again be reset on each 5th anniversary.
Issue is only redeemable on a reset date.
Bank of America Corp 5.375% Non-Cumulative Preferred Stock, Series KK