Featured Articles
BB&T Corporation Joins the Preferred Stock Issuance Parade
Tim McPartland | March 4, 2016
Financial services holding company BB&T Corporation (NYSE:BBT) joins the banking parade of companies in selling a new perpetual preferred stock offering. BB&T has sold a new 5.625% preferred stock offering and the new, investment grade shares now are trading on the OTC Grey Market under the temporary ticker BBTTP. In the 1st day of trading the shares traded in a…
Charles Schwab Corporation Sells a 5.95% Non Cumulative Preferred
Tim McPartland | March 2, 2016
The investment firm Charles Schwab (NYSE:SCHW) sold a new 5.95% preferred stock offering and the investment-grade shares are now trading on the OTC Grey Market under the temporary ticker SCWBP. In the first day of trading, the share price ranged between $25.00 and $25.25. While that coupon appears stingy, we expect that these shares will climb up to the $25.25 to $25.50…
Page Import Template
Tim McPartland | February 29, 2016
This page is solely for the purpose of alerting the import tool of all page fields.
eBay Inc. Sells a New Baby Bond Issue
Tim McPartland | February 24, 2016
Online e-commerce platform company eBay (NASDAQ:EBAY) has sold a baby bond issue ($25 exchange traded debt issue). In recent years it has been very unusual for companies such as eBay to sell this type of security and we are not aware of the logic behind this very large offering ($750,000,000), but it is assumed that the coupon (6%) on this…
