Article: Central 1 Credit Union Announces Offering of 4% Series 2 Subordinated Notes due 2019.

Article from:
Marketwire Canada
Article date:
October 6, 2009
Copyright

VANCOUVER, BRITISH COLUMBIA, Oct 6, 2009 (Marketwire via COMTEX) -- Central 1 Credit Union ("Central 1") today announced that it will issue $150 million principal amount of 4.00% Series 2 Subordinated Notes due 2019 (the "Notes").

Interest on the Notes is payable semi-annually at a fixed rate of 4.00% from the date of issue to, but excluding, October 9, 2014, and at a floating rate equal to the rate on 90-day Bankers' Acceptances plus 2.40% (paid quarterly) thereafter to maturity on October 9, 2019.

Central 1, at its option, with the prior approval of the Office of the Superintendent of Financial Institutions (Canada) and the Financial Institutions ...

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