First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes due 2029
By: Tim McPartland,
Date Issued 6/5/2019
Shares Issued 1,400,000 Overallotment Shares None
S&P Rating NR Moodys Rating NR
Security Ticker Symbol INBKZ
Market Traded ON NASDAQ
Interest Payment Paid on the 30th of March, June, September and December beginning on 9/30/2019
Quarterly Interest .375 Annual Interest 1.50
Interest rate is fixed at 6% until 6/30/2024. After this date the interest rate will float at a rate of 3 month libor plus 4.114%
Securities may be redeemed, at the issuers option, as early as 6/30/2024 the call price is $25 plus accrued interest
Interest Payment will NOT be Qualified Distributions
Maturity Date 6/30/2029
Company Investor Relations Page for First Internet Bancorp
Click here for the offering Prospectus and/or Final Pricing Document
Related Posts:
Tim McPartland
Connect with Tim McPartland
