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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 9/26/2011 in the Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Comerica calls $31.25 million in Sterling trust preferred securities

By Tali David

Minneapolis, Sept. 26 - Comerica Inc. announced that on Oct. 27 it will fully redeem all $31.25 million of the 8.3% trust preferred securities issued by Sterling Bancshares Capital Trust III at par, plus accrued distributions to the redemption date.

The securities are callable under their existing arrangement. The redemption will be funded with existing available cash.

Comerica Inc. is a Dallas-based financial services company.


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