COLUMBUS, Ga. ( TheStreet) -- Synovus Financial (SNV), which took about $1 billion in bailout funds under TARP, said it will raise a big chunk of that sum through a stock offering, a debt-for-equity swap and other measures.In the most important part of the plan, the regional bank said it hopes to sell up to $350 million worth of common shares and then issue a further 50 million in exchange for the bank's 4.875% subordinated notes, due in 2013, in a tender offer.
Synovus To Raise $350M in Stock Offer
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