Indiana banker Merchants Bancorp (MBIN) has priced their most recent offering of preferred stock.
The issue prices at 7.625% for 9.2 million shares.
The issue is rated Ba3 by Moodys.
The pricing term sheet can be found here.
Merchants Bancorp Prices New, Large, Preferred Offering
moderately below par on a million shares
https://www.otcmarkets.com/stock/MBIEV/overview