Glastonbury’s United Financial Bancorp Inc. priced its $75 million bundle of subordinated debt, offering 5.75 percent interest on the 20-year notes.
Known as Rockville Financial before its April 30 merger with former United Bank of West Springfield, United said the notes have been offered to the public at par. The issue was oversubscribed, the bank said Friday.
United plans to use the proceeds for general corporate purposes.
Sandler O’Neill + Partners L.P. was sole offering manager.
