Insurance and annuity provider, Brighthouse Financial Inc (BHF) has priced the previously announced preferred stock issue.
The issue prices at 4.625%.
The issue is non-cumulative, but qualified for preferential tax treatment.
The shares are split investment grade with S&P at BBB- , Moody’s at Ba2 and Fitch at BB+.
The issue will trade under BHFPV on the OTC exchange.
The pricing term sheet can be found here.
5 thoughts on “Brighthouse Financial Prices New Preferred Issue”
Cannot trade on IB
Trading Restricted Only closing orders are permitted in this stock.
Has been trading on TD Ameritrade since this morning.
Jos it is trading at Fidelity & Schwab since yesterday as BHFPV. QOL temp ticker is BHFAN.
Surprised that it traded as low as $24.50, though being a perpetual may discourage some buyers. Or, it is the nonsense of changing tickers and ‘expert market’ (should be called stupid & confusing market!!!)
seems to be trading under the temporary ticker BHFPV at Schwab & Fidelity. Many trades and last at $24.75
just bought a few shares at Fidelity for $24.73.