- First Republic Bank (NYSE:FRC) announced a public offering of its Subordinated Notes.
- Net proceeds to be used for general corporate purposes, which may include, among other things, funding loans or purchasing investment securities for its portfolio.
- The company intends to qualify subordinated notes as Tier 2 capital for bank regulatory purposes.
- Joint book-running managers: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., J.P. Morgan and Morgan Stanley.
First Republic Announces Subordinated Notes Offering
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