Kish Bancorp, Inc. Completes $35.0 Million Subordinated Debt Offering
Kish Bancorp completed a private placement of $35 million in 6.25% fixed-to-floating rate subordinated notes due 2036. The offering was oversubscribed, expanding from an initial $25 million target to $35 million, reflecting strong investor demand.
Key figures
- Deal Value Usd
- 35000000
- Maturity date
- June 1, 2036
- Initial target
- 25000000
- Rate reset date
- June 1, 2031
- Interest rate fixed
- 6.25%
- Floating rate spread
- 223 basis points over SOFR
AI analysis
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