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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 11/8/2011 in the Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Comerica calls $24 million of securities for redemption at par

By Ashley Montgomery

Kansas City, Kan., Nov. 8 - Comerica Inc. issued a call for redemption of $24 million of its securities. The securities will be redeemed at par plus accrued distributions to the redemption date.

The following issues will be redeemed in full:

• $20 million of floating-rate capital securities issued by Sterling Bancshares Statutory Trust One to be redeemed Dec. 31; and

• $4 million of TP Securities issued by BOTH Capital Trust I to be redeemed Jan. 7.

The company said it will fund the redemptions with available cash.

Comerica is a financial services company based in Dallas.


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