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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VLY5193342 analysis



Key facts


Issue date
May 28, 2021
Maturity date
Jun 15, 2031
Outstanding amount
‪300.00 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
3.00% (Variable)
Yield to maturity
5.47%
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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