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Ford Motor Company (F) has priced the previously announced note issue with a maturity date in 2059. The permanent ticker has not been announced, but we will have it when known. There is no OTC Grey Market trading, but one may be able to secure shares (…

Customers Bancorp Inc (CUBI) has priced their previously announced subordinated notes. The notes are priced at 5.375% for 2.6 million shares (bonds) with another 390,000 for overallotments. The issue is rated BBB- by Kroll Bond Rating. They define this…

Gary Hargreaves posted a short article on the Sandbox page relative to CLO exposure by a few companies that I follow to some degree so I am just posting the link for others that may have missed Gary’s post. The article is 6 weeks old, but still may be…

Vehicle manufacturer Ford Motor (F) will be selling a note offering with a maturity date out in 2059. The company offered notes earlier in the years (May) so this will be their second offering this year. The previous note (which can be seen here) carri…

Customers Bancorp (CUBI) will be selling a small issue of $25 subordinated notes with a due date in 2034. Details are not known but I believe the issuance will be 1-1.5 million shares (bonds). Of course CUBI has numerous issues of preferred stock outst…

The Baby Bond page is the 4th most accessed page on the website–and honestly, the crappiest in performance. Historically speaking, many of us that have watched these things for a long while, know that just getting a reliable source for baby bond quote…

The poundings of common stocks continue to take place today, but with a totally different bond market reaction. With the S&P500 off just over 1% the 10 year treasury is moving sharply lower as well–off 13 basis points (13/100 of a percent) to 1.70…

It has been a tough time for investors in the preferred stock of Canadian energy reseller Just Energy (JE) and mall owner CBL Properties (CBL). While the preferred shares have been under pressure for some time it was only yesterday that both company’s…

SVB Financial Group (SIVB) has priced the previously announced new preferred stock offering. The issue priced at 5.25% and will be non-cumulative, but qualified. The issue is split investment grade with Moodys rating the issue Baa2 and S&P being at…

For the 1st time today I looked at the stock market numbers at 11 a.m. (CST)–wow the DJIA is off 200 points. I didn’t know stocks ever fell–in particular 2 days in a row. So just for the fun of it I turned on the TV (which I seldom do during the dayt…

California banking company SVB Financial Group (SVB) has announced a new issuance of fixed rate preferred stock. The issue will be non-cumulative, but qualified and will have an early redemption period starting in February, 2025. We find no rating for…

It looks like the Axis Capital 5.50% perpetual preferred (AXS-D) will be called soon (no official notice has yet been made). Axis Specialty Finance LLC has announced a new $1000 Fixed-Rate Reset Junior Subordinated Note issue with the stated “use of pr…