We are awaiting the pricing on the new preferred issue from First Citizens Bancshares (FCNCA) as it was not priced yesterday–which mcg noted in yesterdays comments.
It will have a permanent ticker of FCNCP when it does trade on the permanent exchange. It will likely trade OTC Grey market 1st, but the ticker has not been announced.
As Bob P noted if the coupon is decent (above 5%) this issue may trade hot out of the gate–but we will wait and see.