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Convertibles Calendar: SVB Financial on tap
March 9
SVB FINANCIAL GROUP
• $500 million $50-par par three-year depositary shares representing a 1/20th interest in the company’s $1,000-par series F mandatory convertible preferred stock
• $75 million greenshoe
• Dividend of 6% to 6.5% and threshold appreciation premium of 20% to 25%
• Registered
• Goldman Sachs & Co. LLC and SVB Securities
• Proceeds for general corporate purposes
• Santa Clara, Calif.-based financial services company
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