SVB Financial to redeem $51.5 million 7% debentures due 2033

By Tali Rackner

Minneapolis, Nov. 21 – SVB Financial Group called all $51.5 million of its 7% junior subordinated deferrable interest debentures due Oct. 15, 2033 relating to the outstanding 7% cumulative trust preferred securities, according to an 8-K filing with the Securities and Exchange Commission.

The securities, which were issued by SVB Capital II, are expected to be redeemed on Dec. 21 at par plus accrued interest, according to a press release.

The financial services and bank holding company is based in Santa Clara, Calif.

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