WASHINGTON - Banponce Corp. filed a shelf registration with the Securities and Exchange Commission to offer up to $500 million in debt securities and preferred stock.

The Puerto Rican bank holding company said its subsidiary, Popular International Bank Inc., also intends to issue debt securities and preferred stock.

Banponce said net proceeds will be used for general corporate purposes, including investments in or extensions of credit to its subsidiaries, acquisitions and debt repayment.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.