Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!

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

Ticker: CUBI-E

Parent Ticker: CUBI

OTC Grey Market Temporary Ticker: NA

Issuance Date: 04/21/2016

1st Call Date: 06/15/2021

Maturity Date: None

Shares Issued: 2,000,000

Overallotment Shares: 300,000

Coupon: 6.45%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.403

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR

Egan-Jones Rating: NR