Coupon is fixed at 5.75% until 3/15/2024 at which point it floats at 3 month Libor plus a spread of 2.99%
Popular can defer payments on these securities for up to 60 consecutive months but not beyond the maturity date. If payments are deferred you will be required to pay federal taxes as if you received payment.
Popular can defer payments on these securities for up to 60 consecutive months but not beyond the maturity date. If payments are deferred you will be required to pay federal taxes as if you received payment.
Originally issued by Merrill Lynch