Valley National prices USD 500 million 6.219% subordinated notes due 2036

Valley National Bancorp

Valley National Bancorp

VLY

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  • Valley National Bancorp priced USD 500 million of 6.219% fixed-to-floating rate subordinated notes due 2036.
  • Notes pay 6.219% through May 31, 2031, then reset to Three-Month Term SOFR plus 243 basis points.
  • Net proceeds earmarked to redeem or repay Valley 3.00% fixed-to-floating rate subordinated notes due June 15, 2031, with remainder for general corporate purposes.
  • Offering expected to close May 14, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valley National Bancorp published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605111739PRIMZONEFULLFEED9717867) on May 11, 2026, and is solely responsible for the information contained therein.

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