E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers T > Headlines for Tenders > News item
Published on 2/5/2013 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

National Penn to redeem all $66 million of its 7.85% trust preferreds

By Tali David

Minneapolis, Feb. 5 - National Penn Bancshares, Inc. plans to redeem all $66 million of the 7.85% cumulative trust preferred securities issued by NPB Capital Trust II, according to a press release.

The preferreds will be redeemed at $25 plus $0.36 in accumulated distributions per share on March 7.

Located in Boyertown, Pa., National Penn Bancshares is the holding company for National Penn Bank.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.