Zions Bancorporation Prices $500 Million Senior Notes Due 2029
Zions Bancorporation, N.A. announced on July 28, 2026, that it has priced $500 million of fixed-to-floating rate senior notes maturing on October 1, 2029. The transaction is exempt from registration under Section 3(a)(2) of the Securities Act of 1933.
Zions Bancorporation, N.A. (NASDAQ: ZION) has priced $500 million of senior notes that will mature on October 1, 2029. The announcement was made on July 28, 2026.
The notes are structured as fixed-to-floating rate debt. This means the interest rate will be fixed for an initial period before converting to a floating rate for the remainder of the term. The exact terms of the rate conversion were not detailed in the initial announcement.
This public transaction is being offered in a manner exempt from the registration requirements of the Securities Act of 1933, specifically under Section 3(a)(2). This exemption typically applies to securities issued by governmental entities or certain banks.
The issuance adds to Zions Bancorporation's overall debt structure, providing capital for its ongoing operations and strategic initiatives. The company, headquartered in Salt Lake City, operates a network of banks across multiple western states.