|
BOK Financial Corp., 5.375% Subordinated Notes due 6/30/2056
Ticker Symbol: BOKFL* CUSIP: 05561Q300 Previous CUSIP: Exchange: NGS
* NOTE: This security is no longer trading as of 8/23/21
Security has been Called for: Monday, August 23, 2021
July 23, 2021 -- the Company notified holders that it will exercise its option to redeem all $150 million of its 5.375 percent Subordinated Notes on August 23, 2021. The Company will use existing capital for the redemption. The Notes carried an unamortized discount at June 30, 2021 of $4.0 million which will be recognized at redemption. Redemption of the Notes will reduce annual interest expense by approximately $8.0 million.
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: BOK Financial Corp., 5.375% Subordinated Notes due 2056, issued in $25 denominations, redeemable at the issuer's option on or after 6/30/2021 at $25 per note plus accrued and unpaid interest, and maturing 6/30/2056. Interest distributions of 5.375% per annum ($1.34375 per annum or $0.33594 per quarter) will be paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on the record date that will be 3/15, 6/15, 9/15 & 12/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was rated as A3 by Moody’s and BBB by S&P at the date of its IPO. The Notes are unsecured, subordinated obligations of the company and will rank equally with all existing and future unsecured, subordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Goto Parent Company's Record (BOKF)
IPO - 6/20/2016 - 6.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Changed: 1/01/00
Changed: 1/01/00
Market Value $ 151 Million
Yahoo News Summary for BOKFL*
YAHOO! Profile for BOKFL*
Yahoo Detailed Quote
MarketWatch Quote
MSN Company Report for BOKFL*
Company's Online Information Links
|
Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: Bank of Oklahoma Tower, Tulsa, OK 74192 |
Main Phone Number |
918-588-6000 |
Fax Number |
Not Available |
Investor Relations
Joseph J. Crivelli
|
918-595-3027
|
Toll Free Phone Number |
800-234-6181 |
CEO - Steven G. Bradshaw |
CFO - Steven E. Nell |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|