Zions Bancorporation, founded in 1873 and headquartered in Salt Lake City, Utah, is a prominent financial services institution focused on providing community banking solutions primarily across the Western United States. The company offers a diverse range of services, including commercial and consumer loans, deposit products, wealth management, and treasury management services, catering to both individuals and businesses.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ZION 4.70% 2028-08-18 USDZions Bancorporation | United States | 2028-08-18 | 4.704 | 4.84 |
| ZION 5.80% Perpetual USDZions Bancorporation | United States | Perpetual | 5.800 | 7.50 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Zions Bancorporation has been an active participant in the bond market, first issuing bonds in the early 1980s to support its growth strategy and diversify funding sources. Notably, in 2020, Zions issued a significant $300 million in senior unsecured notes, with a fixed rate of 2.30%, reflecting investor confidence amid economic uncertainty. As of late 2023, the company’s bond yields are competitive within the industry, offering attractive rates compared to similar institutions, enhancing its appeal to retail investors. Additionally, Zions' bonds feature call options, allowing the company to react to favorable market conditions, which showcases its proactive financial management approach.