June 18, 2012 / 9:07 PM / 7 years ago

New Issue-TCF Financial sells $150 mln perpetuals

 June 18 (Reuters) - TCF Financial Corp on Monday
sold $150 million of Series A non-cumulative perpetual preferred
shares of stock, said IFR, a Thomson Reuters service.
 The size of the deal was increased from an originally
planned $100 million. 
 Morgan Stanley and UBS were the joint bookrunning managers
for the sale.

BORROWER: TCF FINANCIAL CORP 

AMT $150 MLN    COUPON 7.5 PCT     MATURITY    PERPETUAL
TYPE STK        ISS PRICE 25       FIRST PAY   09/01/2012
MOODY'S N/A     YIELD N/A          SETTLEMENT  06/25/2012
S&P BB-PLUS     SPREAD N/A         PAY FREQ    QUARTERLY
FITCH BB-MINUS                     CALLABLE    06/25/2017

 
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