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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 9/8/2010 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

City National plans to redeem $250 million 9.625% trust preferreds

By Marisa Wong

Madison, Wis., Sept. 8 - City National Corp. said it plans to redeem its $250 million 9.625% cumulative trust preferred securities due Feb. 1, 2040 issued by subsidiary City National Capital Trust I.

The company said it intends to use a portion of the proceeds from a new senior notes issue to fund the redemption.

City National is a bank holding company for City National Bank and is based in Los Angeles.


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