New Issue: Treasury prices $6.67 million of 7.7%, 13.8% debt TARP securities from Premier Financial

By Stephanie N. Rotondo

Phoenix, July 12 - The U.S. Department of the Treasury sold via auction $6.67 million of senior subordinated debt securities issued by Premier Financial Corp., according to a press release out Friday.

The preferreds were originally issued to the agency under the Troubled Asset Relief Program. The modified Dutch auction began Monday and ended Thursday.

The Treasury sold $6.35 million of the 7.7% securities due 2039 at $1,237.42 per note. Another $317,000 of the 13.8% notes due 2039 were sold at $1,525 each.

Total proceeds - all of which will go to the Treasury - came to $8.34 million.

Premier Financial is a Dubuque, Iowa-based financial institution.

Issuer:	Premier Financial Corp.
Trade date:	July 8-11
7.7% senior subordinated securities
Amount:	$6.35 million
Proceeds:	$7,856,380
Maturity:	2039
Coupon:	7.7%
Price:	$1,237.42
Par:	$1,000
13.8% senior subordinated securities
Amount:	$317,000
Proceeds:	$483,425
Maturity:	2039
Coupon:	13.8%
Price:	$1,525
Par:	$1,000

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