Featured Articles
Qwest Corporation Sells a New Baby Bond Issue
Tim McPartland | February 9, 2016
Qwest Corporation, a wholly owned subsidiary of CenturyLink Inc., has sold a new $25 note issue of 7% baby bonds. This “refinancing” issue will produce proceeds that will be combined with Qwest Corporation’s cash on hand to call back an existing 8.375% note that is scheduled to mature on May 1, 2016. The new issue will have a normal five-year optional redemption…
Sample Page
Tim McPartland | February 8, 2016
This is an example page. It's different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). Most people start with an About page that introduces them to potential site visitors. It might say something like this: Hi there! I'm a bike messenger by day, aspiring actor by…
Qwest Corporation 7% Notes due 2056
Tim McPartland | February 5, 2016
Date Issued 1/26/2016Shares Issued 9,400,000 Overallotment Shares NoneS&P Rating BBB- Moodys Rating Baa3LOW INVESTMENT GRADESecurity Ticker Symbol CTAAMarket Traded ON NYSEInterest Payment Paid on the 1st of February, May, August and November beginning on 5/1/2016Quarterly Interest .4375 Annual Interest 1.75Securities may be redeemed, at the issuers option, as early as 02/1/2021 for a redemption price of $25/share…
Private Banker First Republic Bank Sells a New Preferred Issue
Tim McPartland | February 4, 2016
Private banker First Republic Bank (NYSE:FRC) has sold a new preferred stock offering whose shares are now trading on the OTC Grey Market under temporary ticker FRCPP. As a banking company, the issue is required to be non-cumulative, so if dividends are not declared they are gone forever. In addition, the issue is investment grade. The issue has the normal five-year optional redemption…
First Republic Bank 5.50% Noncumulative Perpetual Series G Preferred Stock
Tim McPartland | February 4, 2016
Date Issued 2/2/2016Shares Issued 6,000,000 Overallotment Shares 900,000NOTE THAT FIRST REPUBLIC BANK IS NOT SEC REGULATED (they are regulated by the FDIC) THUS THERE IS NO PROSPECTUS AVAILABLE. ONE MUST GO TO THEIR WEBSITE. S&P Rating BBB- Moodys Rating Baa3Security Ticker Symbol FRC-G OTC Temp Ticker FRCPPMarket Traded ON NYSEDividend Payment Paid on…


