Synovus Financial Corp 5.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E

By: ,

Date Issued  6/24/2019

Shares Issued  14,000,000    Overallotment Shares   0

Security Ticker Symbol   SNV-E

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Market Traded ON   NYSE

Dividend Payment Paid on the 1st of January, April, July and December beginning on 10/1/2019

Dividend   .367   Annual Dividend   1.469

Coupon will be fixed until 7/1/2024 after which it will reset to the 5 year treasury plus a spread of 4.127%.  It will reset every 5 years thereafter.

Securities may be redeemed, at the issuers option, as early as 07/1/2024 for a redemption price of $25/share plus accrued dividends

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Dividend Payment Likely Will be a Qualified Distributions

Maturity Date   None

 

Company Investor Relations Page for Synovus Financial

Click Here to find the offering Prospectus and Final Pricing Document

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