Coupon is fixed until 12/15/2026 after which the issue will float at the rate of 3 month Libor plus a spread of 3.892%.
Issue may only be redeemed on a dividend payment date
Sector: Banking
Customers Bancorp, 7.00% Fix-to-Floating Rate Non-Cumulative Perpetual Preferred Stock Series C
May only be redeemed on a dividend payment date
Coupon is fixed at 7% until 6/14/2020 after which it floats at a rate equal to 3 month LIBOR plus a spread of 5.30%
CAUTION–this issue is now floating at 3 month Libor plus 5.30%
Customers Bancorp, 6.50% Fixed-to-Floating Rate Non-Cumululative Perpetual Preferred Stock Series D
Coupon is fixed at the rate of 6.50% until 3/15/2021 after which the rate will float at a rate of 3 month Libor plus a spread of 5.09%
May only be redeemed on a dividend payment date
Customers Bancorp, 6.45% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock Series E
The coupon is fixed at 6.45% until 6/16/2021 after which at a floating rate equal to 3 month LIBOR plus a spread of 5.14%
May only be redeemed on a dividend payment date
Customers Bancorp, 6.00% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock Series F
The coupon is fixed until 12/16/2021 afterwhich at a floating rate equal to 3 month LIBOR plus a spread of 4.762%
May only be redeemed on a dividend payment date