Sterling Bancorp Outstanding Bonds
Note series still outstanding, nearest maturity first. Terms are from each offering's final pricing term sheet on SEC EDGAR; a reopening of the same CUSIP adds to its principal. Interest per payment = principal × coupon ÷ payments per year. Outstanding = principal issued minus each filed exchange, tender, redemption or conversion; it is (m) where the retired amount was not filed. Interest per payment uses the outstanding principal.
- 4.00% Fixed-to-Floating Rate Subordinated Notes due 2029: Principal issued $275,000,000; Outstanding $275,000,000; Coupon 4.00%; Maturity date 2029-12-30.
- 3.875% Fixed-to-Floating Rate Subordinated Notes due 2030: Principal issued $225,000,000; Outstanding $225,000,000; Coupon 3.875%; Maturity date 2030-11-01.
| Notes | Principal issued | Outstanding | Coupon | Maturity date | Interest payment dates | Interest per payment | Optional redemption | Retired | Priced |
|---|---|---|---|---|---|---|---|---|---|
| 4.00% Fixed-to-Floating Rate Subordinated Notes due 2029 CUSIP 85917AAB6 · US85917AAB61 | $275,000,000 | $275,000,000 | 4.00% | 2029-12-30 | Make-Whole: The Company may, at its option, beginning with the Interest Payment Date of December 30, 2024 and on any Int | 2019-12-13 | |||
| 3.875% Fixed-to-Floating Rate Subordinated Notes due 2030 CUSIP 85917AAC4 · US85917AAC45 | $225,000,000 | $225,000,000 | 3.875% | 2030-11-01 | Make-Whole: The Company may, at its option, beginning with the Interest Payment Date of November 1, 2025 and on any Inte | 2020-10-28 |