UnionBanCal calls MCB's $3.09 million 10.6% capital securities

By Toni Weeks

San Diego, Jan. 28 - UnionBanCal Corp. is calling for full redemption the $3 million 10.6% fixed-rate capital securities due Sept. 7, 2030 and the $93,000 10.6% fixed-rate common securities due Sept. 7, 2030 issued by MCB Statutory Trust I, according to an announcement.

The company said it will redeem the bonds on March 7 at a redemption price of 105.3.

The paying agent is U.S. Bank NA, St. Paul office (651 973-5800).

MCB Statutory Trust is a subsidiary of UnionBanCal, a San Francisco-based bank holding company.

© 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.