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Company NameZions Bancorporation, National Association
Offering TypeConvertible Bond
Description5.650% Convertible subordinated unsecured notes, due 05/15/14
Currency of IssueUSD
Trading Symbol (Exchange)ZB.A14 (NYSE)
Announcement Date5/5/2004
Trade Date5/5/2004
Settlement Date5/10/2004
Completion Date5/5/2004
Shelf Filing Date8/7/2003
Mandatory Redemption?Yes
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds of this offering will be used for repayment of $60 million medium-term notes called for redemption on May 13, 2004 and other outstanding indebtedness like commercial paper and for other general corporate purposes.

Offer Price ($)99.87
Yield to Maturity (%)5.667
Treasury Spread (%)1.057
Gross Amount Offered ($000)300,000
Amount Including Overallotment ($000)300,000
Minimum Denominations/Increments1,000/1,000
Original Shelf Value ($000)1,050,000

Current Security RatingsCurrent Issuer Ratings

Underwriting Fees
Gross Spread ($)5.00
Gross Spread (%)0.50
Sales Concession ($)3.00
Reallowance ($)2.50

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  Goldman Sachs & Co. LLC-150,000
  J.P. Morgan Securities LLC-60,000
  Keefe, Bruyette & Woods, Inc.-30,000
  RBC Capital Markets, LLC-30,000
  Zions Direct, Inc.-30,000

Issuer's CounselCallister, Nebeker & McCullough
Underwriter's CounselSullivan & Cromwell LLP
Auditor(s)Ernst & Young LLP
Clearing House(s)Depository Trust Company

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