Quarterly report pursuant to Section 13 or 15(d)

Other Long Term Debt

v2.4.0.8
Other Long Term Debt
3 Months Ended
Sep. 30, 2013
Long-term Debt, Current and Noncurrent [Abstract]  
Long-term Debt [Text Block]

8. Other Long-Term Debt

 

In August 2013, the parent company issued $400.0 million of senior notes at 99.80% of face value. The senior note issuances mature on August 2, 2018 and have a fixed coupon rate of 2.60%. In August 2013, the Bank issued $350.0 million of senior notes at 99.865% of face value. The senior bank note issuances mature on August 2, 2016 and have a fixed coupon rate of 1.35%. Both senior note issuances may be redeemed one month prior to their maturity date at 100% of principal plus accrued and unpaid interest.