Summary of Subordinated Debentures Issued by Corus Bankshares, Inc. as of March 31, 2006
This document summarizes the key terms of subordinated debentures issued by Corus Bankshares, Inc. through various trusts. It lists the principal amounts outstanding, interest rate spreads over the 3-month LIBOR, call dates, and maturity dates for each series of debentures as of March 31, 2006. The debentures have staggered call and maturity dates, with the earliest call date in 2008 and the latest maturity in 2036. The total principal outstanding across all series is $384,028,000.
Exhibit 4.4
CORUS BANKSHARES, INC.
Summary of Subordinated Debentures
As Of 3/31/2006
|
|
|
| Issue |
| Principal |
|
| Spread to |
|
| Call |
|
| Years |
|
| Maturity |
| |
|
|
|
| |
| |
|
| |
|
| |
|
| |
|
| |
| |
| Trust I |
|
| 6/26/2003 |
| $ | 28,351,000 |
|
| 3.05% |
|
| 6/26/2008 |
|
| 2.2 |
|
| 6/26/2033 |
|
| Trust II |
|
| 6/24/2003 |
| $ | 20,619,000 |
|
| 3.10% |
|
| 6/30/2008 |
|
| 2.3 |
|
| 6/30/2033 |
|
| Trust III |
|
| 9/17/2003 |
| $ | 46,392,000 |
|
| 2.95% |
|
| 9/17/2008 |
|
| 2.5 |
|
| 9/17/2033 |
|
| Trust IV |
|
| 11/24/2003 |
| $ | 30,928,000 |
|
| 2.85% |
|
| 12/15/2008 |
|
| 2.7 |
|
| 12/15/2033 |
|
| Trust V |
|
| 12/17/2003 |
| $ | 51,547,000 |
|
| 2.85% |
|
| 12/17/2008 |
|
| 2.7 |
|
| 12/17/2033 |
|
| Trust VI |
|
| 5/18/2004 |
| $ | 25,774,000 |
|
| 2.60% |
|
| 7/23/2009 |
|
| 3.3 |
|
| 7/23/2034 |
|
| Trust VII |
|
| 9/20/2004 |
| $ | 51,547,000 |
|
| 2.22% |
|
| 9/20/2009 |
|
| 3.5 |
|
| 9/20/2034 |
|
| Trust VIII |
|
| 3/15/2005 |
| $ | 25,774,000 |
|
| 1.74% |
|
| 3/15/2010 |
|
| 4.0 |
|
| 3/15/2035 |
|
| Trust IX |
|
| 6/23/2005 |
| $ | 25,774,000 |
|
| 1.56% |
|
| 9/15/2010 |
|
| 4.5 |
|
| 6/23/2035 |
|
| Trust X |
|
| 9/15/2005 |
| $ | 25,774,000 |
|
| 1.38% |
|
| 9/15/2010 |
|
| 4.5 |
|
| 9/15/2035 |
|
| Trust XI |
|
| 12/19/2005 |
| $ | 25,774,000 |
|
| 1.33% |
|
| 3/15/2011 |
|
| 5.0 |
|
| 3/15/2036 |
|
| Trust XII |
|
| 3/29/2006 |
| $ | 25,774,000 |
|
| 1.40% |
|
| 4/7/2011 |
|
| 5.0 |
|
| 4/7/2036 |
|
|
|
|
|
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| | |
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| Totals |
|
|
|
| $ | 384,028,000 |
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| * 3-month LIBOR reprices quarterly | |||||||||||||||||||
