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HealthCare Trust Inc. Announces a New Perpetual Preferred

Non-publicly traded healthcare REIT Healthcare Trust Inc. (not to be confused with Healthcare Trust of America which is ticker HTA) has filed to sell a new issue of preferred stock.

The official preliminary prospectus has NOT been filed yet with the SEC, but the company press release can be found here.

Additionally the company has a new presentation filed with the SEC and it indicates a potential coupon of 7.375% on this new issue. The presentation can be found here.

I like the look of the coupon, but being non traded I am skeptical–more due diligence will be required before I have an interest.

EarlyBird got the worm again on this one posting it to the Reader Initiated Alerts page about an hour ago.

AT&T Announces a New Perpetual Preferred

Giant Telecom AT&T (T) has announced the issuance of a new perpetual preferred stock.

This will be the 1st perpetual preferred issue for the company as far as I can find. They do have some global notes outstanding which can be seen here. Additionally there are 2 3rd party issues outstanding (KTBA and GYC) which we do not cover at this time.

The issue will have an early redemption date starting in 2024. Other terms appear to be fairly typical for a perpetual preferred—cumulative and qualified with quarterly payments.

The preliminary prospectus can be read here.

Thanks to EarlyBird for being the early bird on this one.

Ford Motor Company Prices New Note Issue

Ford Motor Company (F) has priced the previously announced note issue with a maturity date in 2059.

The permanent ticker has not been announced, but we will have it when known. There is no OTC Grey Market trading, but one may be able to secure shares (bonds) prior to exchange trading by calling your broker with the CUSIP.

The company has 1 other baby bond issue outstanding which can be seen here. This issue carries a 6.20% coupon.

The pricing term sheet can be read here.

Customers Bancorp Inc Prices Baby Bond Issue

Customers Bancorp Inc (CUBI) has priced their previously announced subordinated notes.

The notes are priced at 5.375% for 2.6 million shares (bonds) with another 390,000 for overallotments.

The issue is rated BBB- by Kroll Bond Rating. They define this as medium quality.

No ticker has been announced so one will have to keep their eyes open for it if you have an interest. We will post it when known.

The early call feature is not available to the company until 2029–10 years instead of the more typical 5 years.

CUBI has numerous preferreds outstanding which can be seen here.

The pricing term sheet can be read here.

Ford to Offer Baby Bonds

Vehicle manufacturer Ford Motor (F) will be selling a note offering with a maturity date out in 2059.

The company offered notes earlier in the years (May) so this will be their second offering this year. The previous note (which can be seen here) carries a 6.20% coupon.

The preliminary prospectus for the new issue can be seen here.

There will be no official OTC Grey market trading on the issue, but one may be able to purchase before exchange trading by contacting their broker once the CUSIP is announced.

earlybird was right on this one on the Reader Initiated Alerts page.