Astoria Financial (AF) in Lake Success, N.Y., is planning to redeem $125 million in debt.
The $16.5 billion-asset company said Wednesday that it will use proceeds from last month's
Astoria pays 9.75% for the debt. In comparison, it will pay 6.15% interest for the $150 million in depositary shares it sold last month.
Astoria has been identified by some analysts as a