Capital One Capital VI sells $1 bln 30-yr securities

Mon Nov 9, 2009 8:45pm GMT
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NEW YORK, Nov 9 (Reuters) - Capital One Capital VI on Monday sold $1.0 billion in 30-year trust preferred securities, said IFR, a Thomson Reuters service.

The 8.875 percent securities were priced at 98.705 to yield 9.00 percent, or 459.9 basis points over comparable U.S. Treasuries, according to IFR.

The securities are guaranteed by Capital One Financial Corp (COF.N: Quote, Profile, Research).

The joint lead managers on the sale were Citigroup, Barclays and Wells Fargo. (Reporting by Caryn Trokie; Editing by Dan Grebler)

 
 
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