TowneBank 3.125% 15-FEB-2032TowneBank 3.125% 15-FEB-2032TowneBank 3.125% 15-FEB-2032

TowneBank 3.125% 15-FEB-2032

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Key terms


Outstanding amount
‪250.00 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
3.13% (Variable)
Coupon frequency
Semi-annual
Yield to maturity
5.79%
Maturity date
Feb 15, 2032
Term to maturity
7 years

About TowneBank 3.125% 15-FEB-2032


Issuer
Sector
Finance
Industry
Regional Banks
Home page
Issue date
Feb 9, 2022
FIGI
BBG0152KNDR7
TowneBank engages in the provision of retail and commercial banking services to individuals and small and medium size businesses. It operates through the following segments: Banking, Realty, and Insurance. The Banking segment offers loan and deposit services to retail and commercial customers. The Realty segment focuses on the provision of residential real estate services and originations of a variety of mortgage loans. The Insurance segment includes the provision of full-service commercial and retail insurance, employee benefit services, and travel insurance. The company was founded by R. Scott Morgan on September 3, 1998 and is headquartered in Portsmouth, VA.
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