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People’s To Raise $150m Through Subordinated Debt Securities
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Business New Haven
11/13/2000
By: BNH
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BRIDGEPORT - People's Bank (NASDAQ: PBCT) has announced plans to raise $150 million through the issuance of new subordinated debt securities that would be exempt from registration under the Securities Act of 1933. The precise timing and terms of the planned debt offering have not been determined and will depend on a variety of factors, including market conditions.
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