Arch Capital (ACGL) has priced their new preferred issue the a coupon of 4.55%.
They are selling 20 million shares. Of course they are non cumulative, but qualified.
The issue is rated BBB by Standard and Poor’s and BBB by Fitch.
The issue becomes redeemable on 6/11/2026.
The issue will trade on the OTC grey market immediately under ticker ACGLL.