Valley National Bancorp 3.0% 15-JUN-2031Valley National Bancorp 3.0% 15-JUN-2031Valley National Bancorp 3.0% 15-JUN-2031

Valley National Bancorp 3.0% 15-JUN-2031

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Key terms


Outstanding amount
‪300.00 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
3.00% (Variable)
Coupon frequency
Semi-annual
Yield to maturity
6.11%
Maturity date
Jun 15, 2031
Term to maturity
6 years

About Valley National Bancorp 3.0% 15-JUN-2031


Sector
Finance
Industry
Major Banks
Home page
Issue date
May 28, 2021
FIGI
BBG0116YM064
Valley National Bancorp is a bank and financial holding company, which engages in the provision of retail and commercial banking services. It operates through the following segments: Commercial Banking, Consumer Banking, and Treasury and Corporate Other. The Commercial Banking segment includes commercial and industrial loans, and commercial real estate loans. The Consumer Banking segment refers to residential mortgage loans, other consumer loans, and wealth management. The Treasury and Corporate Other segment relate to treasury managed held to maturity and available for sale debt securities portfolios. The company was founded in 1927 and is headquartered in Morristown, NJ.
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