|
|
|
Webster Issues Capital Securities
|
Business New Haven
9/29/2003
By: BNH
|
WATERBURY — Webster Financial Corp. earlier this month completed a $75 million capital trust offering. The floating-rate capital securities will bear an interest rate of three-month LIBOR plus 2.95 percent, with a maturation date of September 17, 2033. The securities constitute new funding and are intended to strengthen Webster’s capital position. Placement agents for the transaction were Keefe, Bruyette & Woods as well as FTN Financial Capital Markets. Webster Financial is the holding company for Webster Bank and Webster Insurance.
|
Go FirstGo PreviousGo
NextGo LastGo
to Index
|
|
