Bank of America (BAC) has announced they will be selling a new non cumulative $25/share preferred stock issue.
The permanent ticker will be BAC-P on the NYSE after it completes a short stint on the OTC grey market under temporary ticker BOAPL (thanks Bob-in-DE)
The issue will be non-cumulative, qualified and investment grade.
The company has many other preferred stock issues outstanding which can be seen here.
They have a 6% issue (BAC-A) which is redeemable in April and I believe they will redeem this issue with proceeds. They had already announced the redemption of the 6.2% issue (BAC-C) for 1/29/2021.
EarlyBird was early on this one.