American Financial Group Comes a Calling

American Financial Group (AFG) has officially called their 6% baby bond issue (AFGH) for redemption on 11/15/2020, which is the 1st date the company was allowed to call them.

The company has a gaggle of baby bond issues outstanding which can be seen here.

The company recently issued baby bonds with a 4.50% coupon and at that time (in September) they said ‘they may’ call this issue–guess we know now.

As the called issue is trading at $25.38 this is not loss to current holders on the call.

The call notice is here.

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