There are challenges when operating a bank that is only exclusive to commercial business and investors. However, there are ways to get corporate funding that would require appealing strongly to your customer with an interest-bearing product they most likely will appreciate. Nexbank did this with fixed to floating rate notes that definitely caught their customer’s attention.
Nexbank success when making these subordinate notes uncallable for five years. That means that they get to generate enough interest to make any investor’s bank account look nice. Because of the success of these notes, Nexbank was able to pull off getting a $54 million dollar boost that was really needed. When you do business with a commercial bank that knows how to make money just buying using its own customers, you have a business that will be around a good while. Of course, that money was part of a $283 million debt and equity raise that got the company what it needed to handle corporate business. They will most likely make products in the future that will continually keep their clients satisfied. After all, staying on top is necessary in the economic climate we are dealing with today and Nexbank is making sure to stay relevant. They are doing great in that area thanks to these floating rate notes that have made their customers happy.
Nexbank is a company for businesses. They specialize in investment products and other solutions that are beneficial to the customers. Commercial and small business loans, commercial real estate lending, business lines of credit, money market accounts, and collateral trustee are just some of the things offered by this bank. Their high end accounts offer the most competitive rates available and investors use them because they love the interest that they yield. This is a bank of choice if you need one for your business.
Nexbank did a fantastic job of giving their customers what they wanted. Without these notes, they would not have raised the money they needed for corporate use. Having a $283 million for corporate purposes puts this bank in a great financial position.