Federal Agricultural Mortgage (AGM) has sold a new issue of preferred stock.
The organization has an exemption from registering these shares as they are a government chartered enterprise.
Because of the exemption the normal pricing data was not filed so easily available information is not posted.
Commenter Farwell notes the issue is trading OTC grey market under ticker AGMGP and last priced around $24.90.
The issue carries a coupon of 4.875% and is ‘officially’ unrated—although it is likely investment grade unofficially. The issue is non-cumulative, but qualified.
AGM has a number of outstanding preferreds which can be seen here.