Sun Prairie-headquartered Compeer Financial, a member-owned farm credit cooperative, announced the closing of its private offerings on a total of $200 million in subordinated debt to augment its capital position. This transaction includes a $50 million aggregate principal amount of 2.75% fixed-to-floating rate subordinated notes due in 2031 and a $150 million aggregate principal amount of 3.375% fixed-to-floating rate subordinated notes due in 2036.
Compeer Financial announces closing of capital transaction
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