ZIONS BANCORPORATION PRICES PUBLIC OFFERING OF SUBORDINATED NOTES AND ANNOUNCES ADDITIONAL CAPITAL ACTIONS
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Zions Bancorporation has successfully priced $500 million of Fixed-to-Floating Rate Subordinated Notes due in 2035, in a public transaction exempt from registration.
November 15, 2024 | 12:30 am
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Zions Bancorporation has priced $500 million in subordinated notes, indicating a strategic move to strengthen its capital base.
The successful pricing of $500 million in subordinated notes suggests Zions Bancorporation is taking steps to bolster its capital structure, which is generally viewed positively by investors. This action may enhance the company's financial stability and flexibility, potentially leading to a positive short-term impact on its stock price.
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IMPORTANCE 80
RELEVANCE 100