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Zions Bancorp. (ZION) in Salt Lake City plans to auction up to $250 million of debt through its online broker-dealer subsidiary.
September 10 -
Zions Bancorp. (ZION) in Salt Lake City plans to issue as much as $195 million in debt through its online broker-dealer subsidiary.
August 6 -
Zions Bancorp. (ZION) in Salt Lake City has raised roughly $301 million by selling preferred stock.
May 17
Zions Bancorp. (ZION) in Salt Lake City has raised $87.9 million in a sale of subordinated notes.
The $54 billion-asset company sold $75 million of notes through an online auction and $12.9 million outside the auction, it announced Thursday. It sold fixed-rate notes at an interest rate of 6.95% and floating-rate notes at Libor plus 3.89%, it said.
The auction was conducted through Zions Direct, the company's online broker-dealer subsidiary. The underwriters were Deutsche Bank (DB); Goldman Sachs (GS); Merrill Lynch, Pierce, Fenner & Smith; and Macquarie.
Zions will net $85.9 million in the sale and plans to use the money for general corporate purposes, possibly including the redemption of securities, the company said.
It
Zions has been raising money through other means, too. It