Synovus Bank, founded in 1888 and headquartered in Columbus, Georgia, serves the financial needs of both individuals and businesses across the Southeastern United States. The bank provides a range of products and services, including personal banking, business banking, investment services, and wealth management.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SNV 4.00% 2030-10-29 USDSynovus Bank | United States | 2030-10-29 | 4.000 | 7.76 |
| SNV 5.63% 2028-02-15 USDSynovus Bank | United States | 2028-02-15 | 5.625 | 4.53 |
| SNV 5.95% 2036-01-15 USDSynovus Bank | United States | 2036-01-15 | 5.950 | 5.81 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Synovus Bank has established a solid reputation in the bond market, initiating its bond issuances in 1996 with a focus on enhancing its capital and funding strategies. Notably, in recent years, the bank issued a $250 million subordinated note in 2021 to bolster its Tier 2 capital, with a yield competitive to the industry average at the time. This issuance marked a crucial step following the bank’s strategic growth initiatives post-financial crisis, allowing for greater operational flexibility and providing investors with appealing features such as call options. Synovus continues to monitor market conditions, aiming to optimize its bond offerings in response to changing economic climates.