Waterbury’s Webster Bank bought up nearly $75 million of its debt due 2013, less than half the outstanding amount.
Webster, a unit of Webster Financial Corp., said its tender offer ended Monday with holders stepping forward to sell back only $74.9 million of the $177.5 million of its outstanding 5.875 percent subordinated notes.
With interest payments, Webster says it will fork over Wednesday $77.8 million to debtholders who accepted its offer.
Deutsche Bank Securities Inc. was dealer-manager.
