Insurer American Financial Group (AFG) will be selling a new issue of baby bonds.
Like all of the AFG baby bonds they have the right to defer interest payments for up to 5 years without a default.
The issue will be rated investment grade by Moodys and Standard and Poors.
The subordinated debentures will likely be listed under ticker AFGE, which is an old ticker that has been used before–the previous issue was called in 12/2019.
The company mentions a possible redemption of their 6% baby bonds (AFGH) which become callable on 11/15/2020.
mcg was right on this one.