First Internet Bancorp, 6.0% Fixed-to-Float Subordinated Notes due 9/30/2026
By: Tim McPartland,
Date Issued 9/26/2016
Shares Issued 1,000,000 Overallotment Shares None
S&P Rating NR Moodys Rating NR
Security Ticker Symbol INBKL
Market Traded ON NASDAQ
Interest Payment Paid on the 30th of March, June, September and December beginning on 12/30/2016
Quarterly Interest .375 Annual Interest 1.50
Interest rate is fixed at 6% until 9/30/2021. After this date the interest rate will float at a rate of 3 month libor plus 4.85%
Securities may be redeemed, at the issuers option, as early as 9/30/2021 the call price is $25 plus accrued interest
Interest Payment will NOT be Qualified Distributions
Maturity Date 9/30/2026
Company Investor Relations Page for First Internet Bancorp
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