IndyMac Bancorp Inc., Pasadena, Calif., has announced the pricing of $500 million of noncumulative perpetual preferred stock by its wholly owned subsidiary, IndyMac Bank FSB.The preferred stock pays a dividend of 8.5%. Scott Keys, IndyMac's chief financial officer, said the offering would increase IndyMac Bank's Tier I capital from $2.1 billion to $2.6 billion, based on the company's balance sheet as of March 31. Morgan Stanley & Co. and Goldman Sachs & Co. were the joint book-running managers of the offering. The company can be found online at http://www.indymacbank.com.
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