First Republic Bank Prices Preferred

We all knew it was coming and it did come in at a low coupon.

FRC has priced 20 million shares at 4.125%.

Shares should trade OTC grey market today under ticker FRCLL today.

I will post my normal pricing post when the filing is made on this issue.

4 thoughts on “First Republic Bank Prices Preferred”

  1. I bought a few shares at $25.21. I noticed the closing order was $25.00 but the ask was still $25.20.
    Hoping for a more reasonable price on Monday

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