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2 New Preferreds Announced

New issues are coming fast after the month or two break we had in March and April.

Huntington Bancshares (HBAN) has announced a new non cumulative perpetual issue. The issue should be split investment grade–BB+ by Standard and Poors and Baa3 by Moodys.

The banker has 2 other preferreds outstanding which can be seen here.

The preliminary prospectus is here.

Tennessee banker Pinnacle Financial Partners (PFFP) has announced a new non cumulative perpetual issues as well. I am seeing no rating right now for this issue.

The preliminary prospectus can be found here.

mcg and Early Bird were on these new issue.

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