Below is a link to a spreadsheet with all (or virtually all) $25/share issues that are investment grade that are now available for an optional redemption by the issuer.
This MAY BE a place to hunt for issues that are ‘on the bubble’ as far as a call goes–in theory, they should be somewhat pegged to $25 plus accrued interest or dividend.
Some you will look at and say “what the hell”–why is it trading at $27? Of course the answer is that someone–either the issuer or the investor is snoozing a bit.
Others you will look at and say for 1% call risk (1% potential loss if called) you will take a chance.
On the other hand you might say–why would I hold these low coupons when they will get totally slammed if interest rates move higher.
It all depends on your personal outlook for interest rates–will they go up or down?.
Note–it is possible I missed an issue that has already been called–just let me know in the comments and I will delete it.
Also we have removed the pure floaters from the list since they are not tied to $25 at this time and trade much below $25.