Why OFG Bancorp’s new bond issue matters for shareholders OFG Bancorp (OFG) recently launched a US$200 million fixed to floating rate note offering due 2036, a funding move that could reshape its ...
Despite an overall fall in the interest rate, RBI floating rate bonds still remain the safest investment options for most investors that gives them one of the higher interest rate offering a 8.05%.
Corporate floating rate notes (FRNs) are often discussed when talking about interest rate risk, but credit conditions also play an important role in shaping returns. While FRN coupons adjust with ...
LOS ANGELES--(BUSINESS WIRE)-- OP Bancorp (OPBK), the parent company of Open Bank (the “Bank”), announced today that it has completed a private placement of $25 million principal amount of ...