Hanmi Announces Completion of $55.0 Million Subordinated Debt Offering
Hanmi Financial Corporation closed a $55.0 million private placement of fixed-to-floating rate subordinated notes, qualifying as Tier 2 capital. The company intends to use the net proceeds to redeem $110.0 million of outstanding callable subordinated notes and for general corporate purposes.
Key figures
- Deal Value Usd
- 55000000
- Fixed rate
- 6.50%
- Maturity date
- July 31, 2036
- Fixed rate period
- 5 years
- Redemption amount
- $110.0 million
- Floating rate index
- SOFR
- Floating rate spread
- 234 basis points
AI analysis
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