Huntington Bancshares (HBAN) has announced the redemption of the HBANN 5.875% perpetual preferred issue. This issue originally was a First Merit issue which was acquired by HBAN. The redemption is for 10/15/2021.
Markets are sleeping–the issue is trading at $25.87—50 cents above value (redemption is at $25.37).
J was on top of this and posted in the Reader Alerts section