Synovus Financial Corp 6.30% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D

By: ,

Date Issued  6/12/2018

Shares Issued  8,000,000    Overallotment Shares   0

S&P Rating   BB-   Moodys Rating   NA

Security Ticker Symbol   SNV-D

Market Traded ON   NYSE

Dividend Payment Paid on the 21st of March, June, September and December beginning on 9/21/2018

Monthly Dividend   .394   Annual Dividend   1.576

Dividends will float after June 21, 2023 at a rate of 3 month Libor plus 3.352%

Securities may be redeemed, at the issuers option, as early as 06/21/2023 for a redemption price of $25/share plus accrued dividends

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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