Insurer American Financial Group (AFG) will be selling a new issue of subordinated debentures.
The company currently has 3 other issues outstanding which can be seen here.
The company will have the right to defer interest payments for up to 5 consecutive years with a default occurring.
The new debentures should be rated low investment grade.
The new issue will trade under ticker AFGD when they hit the exchange in the next week or so.
The issue will not trade on the OTC grey market, but investors may be able to call their broker and buy early via the CUSIP (not yet known).
Thanks to mcg for the instant heads up.