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In the past I have published the ‘new issue’ spreadsheet that I keep. I have now put a tab on the top of the page for “New Issues” which will take you to the page anytime you desire to look at at. The page is here. I update this page on a regular basis…

Irrespective of the push to higher interest rates the S&P500 rose by 2.7% last week closing at 3942 versus 3839 the week before—you can’t fight the Fed and easy money. We are at record highs and there is no obvious reason to think this will chang…

Some of us have had profitable holdings of the VEREIT 6.70% perpetual preferred over the years. It is a monthly payor at a coupon that simply has not been available. This issue closed at $25.44 today and pays a 14 cent monthly dividend–thus there are…

Well we have seen interest rates move up smartly over the last 3 months or so from all the way down around .85% back in December to as high as 1.60% (on a closing basis). So with muted inflation numbers being released by the government, employment numb…

The new perpetual preferred from banker JPMorgan Chase (JPM) has priced, but once again the official SEC data has not yet been posted — I will post that detail when it becomes available. The issue priced at 4.55%. The issue trades immediately on the O…

JPMorgan Chase (JPM) has announced a new issuance of preferred stock. The issue is non-cumulative, but will be qualified for preferential tax treatment. The banker has a number of other issues outstanding and they mention the possibility of redeeming s…

Below is the detail on the new baby bonds from Oxford Lane Capital. The issue is rated BBB from Egan Jones. You can find the info on this credit rating on the bottom of this page. There is no OTC grey market trading on this issue. The pricing term shee…

While the official paperwork has not been posted on the SEC site Oxford Lane Capital (OXLC) has priced their new issue of baby bonds. The issue, with a maturity date in 2031, carries a coupon of 6.75%. Interest payments will be paid quarterly. The comp…

Insurance company PartnerRE (not publicly traded) has priced their previously announced preferred stock. The company has priced 8 million shares with a coupon of 4.875%. The issue is investment grade with a BBB rating from Standard and Poor’s and Baa2…

Collateralized loan obligation (CLO) owner Oxford Lane Capital (OXLC) has announced they will be selling a new issue of baby bonds. The company has stated they will call a portion or all of the their 7.50% term preferred shares (OXLCO) with the proceed…

PartnerRE LTD (Not publicly traded) will be selling a new issue of $25 preferred stock. The shares will be non-cumulative, but qualified. The issue will be investment grade. PartnerRE has 3 other preferred stock issues outstanding which can be seen her…

Athene Holdings (ATH), a seller of annuities and other financial products will be bought by Apollo Global Mannagement (APO). Athene has 4 issues of preferred stock outstanding–they can be seen here. At this moment not all the details of the proposed a…