PreferredStockChannel

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Thu, December 2, 11:09 AM

Slide #8. SVB Financial Group Preferred Stock Offering

Company: SVB Financial Group (NASDAQ:SIVB)
Date announced: 10/25/2021
Shares Offered: 1,000,000
Date of Pricing: 10/25/2021
Price Per Share: $1,000.00
Preferred Stock Offering Details: SVB Financial Group ("SVB") (NASDAQ: SIVB) today announced the pricing of an underwritten offering of 1,000,000 depositary shares, each representing a 1/100th interest in a share of its Series D Non-Cumulative Perpetual Preferred Stock ("Series D Preferred Stock"), liquidation amount $100,000 per share (equivalent to $1,000 per depositary share) at an aggregate offering price of $1 billion and an underwritten offering of 600,000 depositary shares, each representing a 1/100th interest in a share of its Series E Non-Cumulative Perpetual Preferred Stock ("Series E Preferred Stock"), liquidation amount $100,000 per share (equivalent to $1,000 per depositary share) at an aggregate offering price of $600 million. Dividends will accrue on the Series D Preferred Stock at a rate per annum equal to (i) 4.250% from the original issue date of the Series D Preferred Stock to, but excluding, November 15, 2026, and (ii) the five-year treasury rate as of the most recent reset dividend determination date plus 3.074% for each reset period from, and including, November 15, 2026. Dividends will accrue on the Series E Preferred Stock at a rate per annum equal to (i) 4.700% from the original issue date of the Series E Preferred Stock to, but excluding, November 15, 2031, and (ii) the ten-year treasury rate as of the most recent reset dividend determination date plus 3.064% for each reset period from, and including, November 15, 2031. Dividends will be payable quarterly in arrears, only when, as and if declared by SVB's board of directors (or a duly authorized committee of the board).

SVB Financial Group is a bank holding company. Through its subsidiary, Silicon Valley Bank, Co. provides commercial and private banking products and services. Co.'s segments are: Global Commercial Bank, which is comprised of Commercial Bank, Global Funds Banking Division, SVB Wine and Debt Fund Investments; SVB Private Bank, which provides private wealth management and private banking services, including mortgages, home equity lines of credit, and restricted stock purchase loans; SVB Capital, which is the venture capital investment arm of Co.; and SVB Leerink, which provides investment banking services across subsectors of healthcare including biotechnology and medical devices.
Open the SIVB Page at Preferred Stock Channel »

Name: 
SVB Financial Group
Website: 
www.svb.com
Sector: 
Banking & Savings
Number of ETFs Holding SIVB: 
102 (see which ones)
Total Market Value Held by ETFs: 
$4,406,822,507.11
Total Market Capitalization: 
$40,631,000,000
% of Market Cap. Held by ETFs: 
10.85%
 

Open the SIVB Page at Preferred Stock Channel (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree SIVB Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

Buy (3.12 out of 4)
32nd percentile
(ranked lower than approx. 68% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com
Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Preferred Stock Offerings - Slide 8 of 573 | www.PreferredStockChannel.com

Copyright © 2010 - 2021, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.