SNV-D Synovus Financial Fixed-to-Floating Rate Non-Cumulative Preferred Series D

From the date of issuance, including, June 21, 2023, we will pay dividends, when, as, and if declared by our board or such committee at a rate of 6.300% per annum, payable quarterly, in arrears, on March 21, June 21, September 21 and December 21 of each year beginning on September 21, 2018 and ending on June 21, 2023. From and including June 21, 2023, we will pay dividends, when, as, and if declared by our board or such committee at a floating rate equal to three-month LIBOR plus a spread of 3.352% per annum, payable quarterly, in arrears, on March 21, June 21, September 21 and December 21 of each year, beginning on June 21, 2023. We may redeem the Preferred Stock at our option, (i) in whole or in part, from time to time, on any dividend payment date on or after , 2023 at a redemption price equal to $25 per share, plus any declared and unpaid dividends.  This security was issued by Synovus Financial Corp, whose common stock symbol is SNV.

$22.36  +0.32 (1.45%)
As of 03/27/2023 09:58:54 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  06/12/2018
Outstanding shares:  8,000,000
Average volume:  11,497
Market cap:   $195,920,000
Current dividend yield:  6.43%    calculation
Initial coupon rate:    6.300%
Spread to LIBOR: 0.033520
Cumulative:    No
Liquidation value:   $25.00
Callable after:   06/21/2023
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BG1FRQ0