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Huntington Bancshares Announced The Redemption Of $36 Million Of Trust Preferred Securities

Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com) announced it has submitted redemption notices to the trustee for each trust listed below, which will result in the redemption of all of the trust preferred securities identified below on the date specified. The trust preferred securities will be redeemed at the redemption price (as a percentage of the liquidation amount) plus accrued and unpaid distributions to the redemption date.

These redemptions will be funded from the Company’s existing cash.

         

Title and Issuer ofSecurities

 

Outstanding as ofJune 30, 2012

  Coupon  

MaturityDate

 

RedemptionPrice

 

RedemptionDate

Sky FinancialCapital Trust II

  $30,000,000   3.41% (1)   10/8/2033   100%   10/8/2012

Prospect Trust I

  $6,000,000   3.71% (2)   4/7/2033   100%   10/7/2012
 

(1) Variable effective rate at June 30, 2012, based on three month LIBOR + 2.95

Stock quotes in this article: HBAN 

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