BRIDGEPORT, Conn., March 10 /PRNewswire-FirstCall/ -- People's Bank
(Nasdaq: PBCT), a $11 billion financial services company and the largest
independent state-chartered institution in Connecticut, today announced the
repurchase of $61.6 million in outstanding principal amount of its 7.20%
Subordinated Notes due 2006 (CUSIP No. 710198EP3) and $70.3 million in
outstanding principal amount of its 9.875% Subordinated Notes due 2010
(CUSIP No. 710198HE5) (collectively, the "Notes").
People's offer to purchase the Notes was made pursuant to a tender offer
that expired at 5:00 pm EST on March 9, 2004. Goldman, Sachs & Co. acted as
sole Dealer Manager and Global Bondholder Services Corporation acted as
Information Agent in connection with the tender offer.
Contact:
Goldman, Sachs & Co.
(800) 828-3182
(212) 357-3019 (collect)
or
Global Bondholder Services Corporation
(866) 873-6300
SOURCE People's Bank
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Related links:
http://www.peoples.com
Company News On-Call:
http://www.prnewswire.com/comp/113252.html
CONTACT:
Vincent J. Calabrese, Senior Vice President,
Controller, +1-203-338-4114, fax, +1-203-338-3461,
vjcalab@peoples.com or Valerie C. Carlson, Corporate
Communications, +1-203-338-2351, fax, +1-203-338-3461,
vccarls@peoples.com, both of People's Bank
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