First Republic Bank has priced their recently announced preferred stock.
The issue prices at 4.50% for 26 million shares with another 3.9 million available for over-allotments.
This issue is investment grade with S&P at BBB- and Moody’s at Baa3.
The issue will trade immediately on the OTC under ticker FRCDV.
The press release can be found her. Full details have not been filed.
Try this link. if it works, the preliminary prospectus starts on page 6.
https://efr.fdic.gov/fcxweb/efr/fcxservlet/PublicEfrFileDownload?instFlngId=5925&instFlngAtchId=1&fileType=instFlng
if it doesn’t the preliminary prospectus can be found on the FDIC website under their 8-k filing from yesterday (change the search criteria to 11/18, it was the only filing that day.
https://efr.fdic.gov/fcxweb/efr/index.html
So far Ally.com has not cancelled by GTC buy order.