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Prospect News home > News index > List of issuers H > Headlines for Huntington Bancshares Inc. > News item
Published on 4/25/2012 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Huntington Bancshares to redeem $80 million of preferreds on May 24

By Tali David

Minneapolis, April 25 - Huntington Bancshares Inc. announced the redemption of $80 million of its trust preferred securities in a press release.

The company will redeem all $20 million of its 9.875% BFOH Capital Trust I securities due Oct. 15, 2029 and all $60 million of its 9.34% Sky Financial Capital Trust I securities due May 1, 2030.

The BFOH securities will be redeemed at 103.95 and the Sky securities will be redeemed at 103.736 on May 24.

Holders will also receive accrued distributions.

Huntington Bancshares is a financial holding company based in Columbus, Ohio.


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