KBRA Assigns Rating to $250 Million Subordinated Notes Issued by Columbia Bank
KBRA assigned an A- rating with a Stable Outlook to $250 million of subordinated notes issued by Columbia Bank, maturing September 18, 2036 and callable at the bank's option beginning September 18, 2031. Net proceeds go to general corporate purposes and to retire trust preferred securities at parent Columbia Banking System (NASDAQ: COLB); KBRA notes the combined action will produce a modest reduction in the bank's capital ratios.
Key figures
- Deal Value Usd
- 250000000
- Outlook
- Stable
- Maturity date
- September 18, 2036
- First call date
- September 18, 2031
- Sub notes rating
- A-
- Net interest margin 2q26
- 3.93%
- Noninterest bearing deposits pct 2q26
- 33%
AI analysis
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