INBKZ First Internet Bancorp - 6% Fixed-to-Floating Rate Subordinated Notes Due 2029

From and including June 12, 2019 to but excluding June 30, 2024, the Notes will bear interest at an initial rate of 6.0% per annum. From and including June 30, 2024 to but excluding the maturity date or the date of earlier redemption, the interest rate will reset quarterly to an annual interest rate equal to the then-current Benchmark Rate (initially three-month LIBOR rate) plus 4.114%. Interest is payable quarterly in arrears on March 30, June 30, September 30, and December 30, beginning September 30, 2019. We may, beginning with the interest payment date of June 30, 2024 and on any interest payment date thereafter, redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest.  This security was issued by First Internet Bancorp, whose common stock symbol is INBK.

$25.17  +0.17 (0.66%)
As of 08/09/2022 16:00:00 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Exchange traded debt
Category3:  Intermediate-term
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  06/17/2019
Outstanding shares:  1,400,000
Average volume:  908
Market cap:   $35,000,000
Current dividend yield:  6.00%    calculation
Initial coupon rate:    6.000%
Spread to LIBOR: 0.041140
Liquidation value:   $25.00
Callable after:   06/30/2024
Maturity date:    06/30/2029
Prospectus:    Read on
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K

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