Proceeds from the notes, which are due on May 14, 2029, will be used to expand Security Bank’s funding base, finance investments, and support general corporate activities.
Total investor orders exceeding $1.5 billion, over 3.75 times the final book size, marking the bank’s largest orderbook for debt issuances to date, and achieving a historic spread of 110 basis ponts.
The notes were issued under the lender’s $1 billion medium-term note program.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
