SVB Capital II, 7.00% Cumulative Trust Preferred Securities
SIVBO
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Banks
- Address
- IPO Date
- Mar 16, 2004
- CIK
- 0000719739
- Similar Companies
- Business
- SVB Capital II operates as a business trust that issued 7.00% Cumulative Trust Preferred Securities (NASDAQ: SIVBO), functioning as a hybrid capital instrument providing investors with quarterly income payments and preferential rights in distributions. The trust's sole purpose centers on holding 7% junior subordinated deferrable interest debentures due October 15, 2033, issued by its parent company, Silicon Valley Bancshares (now SVB Financial Group), with SVB Financial Group guaranteeing the securities on a subordinated basis; Silicon Valley Bancshares owns all common securities of the trust, representing 3% of its total capital, which rank pari passu with the trust preferred securities except in default scenarios. Established in 2003 and headquartered in Santa Clara, California, the trust supported SVB Financial Group's regulatory capital needs within the U.S. banking sector, targeting institutional investors seeking fixed-income exposure to financial services. In November 2017, SVB Financial Group announced and executed the full redemption of the underlying junior subordinated debentures, leading to the delisting of SIVBO from NASDAQ and the trust's termination, with no subsequent issuances or operational activities reported.