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Preferred Stock Calendar: Zions to auction preferreds
Wednesday
ZIONS BANCORPORATION: $200 million of series G fixed-to-floating rate noncumulative perpetual preferred stock; to be sold at auction via Zions Direct Inc.; callable on or after March 15, 2023 or upon occurrence of a regulatory capital treatment event; Deutsche Bank Securities Inc., Goldman Sachs & Co. and Zions Direct (joint); proceeds for general corporate purposes; Salt Lake City-based bank holding company.
On The Horizon
SOUTHERN FIRST BANCSHARES INC.: $17.29 million fixed-rate series T cumulative perpetual preferreds; $1,000 liquidation preference; to be sold by Treasury Department; dividend is initially 5% and will increase to 9% on May 15, 2014; company will not receive any proceeds from the sale; Greenville, S.C.-based holding company for Southern First Bank NA.
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