Aspen Insurance Holdings (NYSE:AHL) has announced a new non-cumulative preferred share offering.
The issue is perpetual and will have an optional redemption date starting in 2024.
The issue will trade under the permanent ticker of AHL-E once trading begins on the NYSE. We await the OTC temporary ticker as it will trade on the Grey market first.
We expect these shares will be low investment grade.
The company has 2 current outstanding preferred issues which can be seen here.