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.
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.
mcg and Early Bird were on these new issue.