By Andrea Heisinger
New York, Sept. 5 - Associated Banc-Corp sold $155 million of 1.875% senior notes due March 2014 on Wednesday to yield Treasuries plus 165 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Baa1/BBB/) were sold at 99.981 to yield 1.888%.
There is a make-whole call until Feb. 12, 2014, with a par call after that date.
Credit Suisse Securities (USA) LLC was the bookrunner.
Proceeds will be used to finance the redemption of three trust preferred securities.
The bank holding company is based in Green Bay, Wis.
| Issuer: | Associated Banc-Corp
|
| Issue: | Senior notes
|
| Amount: | $155 million
|
| Maturity: | March 12, 2014
|
| Bookrunners: | Credit Suisse Securities (USA) LLC
|
| Coupon: | 1.875%
|
| Price: | 99.981
|
| Yield: | 1.888%
|
| Spread: | Treasuries plus 145 bps
|
| Call: | Make-whole call until Feb. 12, 2014, par call after
|
| Trade date: | Sept. 5
|
| Settlement date: | Sept. 12
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
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