Dallas Bank Reissues Senior Unsecured Notes

 

A Dallas based financial services company called Nexbank Capital, Inc. completed a project for senior unsecured notes they issued. They raised an additional 80 million dollars after they reissued an initial offering. The new total came to 155 million dollars. These notes have an interest rate of 5.5 percent for five years.

After this the rate may vary. This program is popular and demonstrates the amount of positive attitude investors have with NexBank. Many like the Bank’s long term outlook and business strategy. NexBank is becoming financially stable and strong. NexBank is very selective when they approach the issue of financial growth. The bank has a BBB rating from the company Kroll Bond Rating Agency. This helps to validate the banks excellent performance.

The Bank is ongoing in its pursuit to attract capital from institutional investors. This will allow NexBank to profit on the strategic opportunities that the present and future will hold. NexBank Capital Inc. has had record levels of loans and deposits along with assets and earnings.

NexBank has stated assets of 8.3 billion as of December 31 2018. They are involved in commercial and mortgage banking. They offer services to institutional clients and large corporations. They also work with real estate investors and companies that are middle market. They have an executive management team that combines expertise in the industry and a strong focus on providing clients with good service. Read This Article for more information.

Their chairman is James Dondero. He is also the president of Highland Capital Management. The directors of NexBank bring excellent management and leadership skills and this helps with the success of the company. NexBank believes in trying to help the community it is located in. They offer financial education, loan programs, financial education, community service and economic development.

NexBank wants to make the overall community of Dallas stronger. They are an industry leader in their field. They make strong commitments to their clients. They also provide their clients unique solutions to their needs and they are delivered by professionals with successful track records. NexBank’s business is Commercial Banking, Mortgage Banking, and Institutional Services and of course helping the Dallas area.

 

Learn more about NexBank on https://www.dallasfed.org/~/media/Documents/banking/nic/fry-6/3823844-20151231.pdf