IberiaBank Corporation 6.10% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock Series D

By: ,

CAUTION–THIS PREFERRED ISSUE PAYS DIVIDENDS JUST TWICE PER YEAR

Date Issued  3/28/2019

Shares Issued  4,000,000 Overallotment Shares 0

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S&P Rating  BB  Moodys Rating   NR

Security Ticker Symbol   IBKCN   OTC Temp Ticker  IBBRL

Market Traded On   NASDAQ

Dividend Payment Paid on the 1st of May and November beginning on 11/1/2019

Semi Annual Dividend   .763  Annual Dividend   1.525

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On 5/1/2024 Coupon Rate Floats.  The rate will be 3 month libor plus 3.859% Dividend payments go to quarterly payments beginning at this time and will be on 2/1, 5/1, 8/1 and 11/1.

Securities may be redeemed, at the issuers option, as early as 05/01/2024 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distributions

Maturity Date   None

 

Company Investor Relations Page for Iberiabank Corporation

Click here to find the offering Prospectus and Final Pricing Document

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