BCB Bancorp Extends Exchange Offer for Subordinated Notes Due 2034-February 2024-www.financetom.com

BCB Bancorp Extends Exchange Offer for Subordinated Notes Due 2034

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

BCB Bancorp Extends Exchange Offer for Subordinated Notes Due 2034

Dec 4, 2024 8:03 AM

10:30 AM EST, 12/04/2024 (MT Newswires) -- BCB Bancorp ( BCBP ) said Wednesday it is extending an exchange offer for up to $40 million of its outstanding 9.25% fixed-to-floating rate subordinated notes due 2034 until Thursday.

Holders were previously given until Tuesday to participate in the exchange offer.

The bank holding company said it is offering to exchange the old notes for an equivalent amount of new 9.25% fixed-to-floating rate subordinated notes also maturing in 2034.

As of Tuesday, BCB said $39 million of the old notes were tendered in the exchange offer.

Price: 13.01, Change: +0.04, Percent Change: +0.31

Previous page： IMF warns Europe against prematurely declaring victory over inflation Next page： Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

IMF warns Europe against prematurely declaring victory over inflation

Nov 8, 2023

The Washington-based IMF said that cost of underestimating inflation’s persistence could be painfully high and result in another painful round of rate hikes that could rob the economy of a large chunk of growth.

Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues

Oct 23, 2023

The airline, which was once considered the pride of Pakistan and was the first international airline to be given access to fly to Beijing, is said to be suffering millions in losses on a daily basis.

Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28

Oct 23, 2023

Companies are increasingly committing to their own timelines for reducing their emissions, but many acknowledge that their ability to slow planet-warming CO2 emissions is contingent on faster action from governments.

Pfizer’s $43 billion purchase of Seagen gets green light from EU antitrust

Oct 20, 2023

Pfizer announced the deal in March, its largest purchase in a string of recent acquisitions thanks to a once-in-a-lifetime cash windfall from its COVID-19 vaccine and treatment.