Charles Schwab (SCHW) has priced there previously announced non-cumulative preferred stock issue.
The issue prices at 4.45%.
The issue is investment grade, non-cumulative, but qualified for preferential tax treatment.
As noted before the company will redeem the SCWH-C 6% issue with the proceeds from this new offering.
The issue trades immediately on the OTC grey market under temporary ticker SCHWL.
The pricing term sheet can be found here.
4 thoughts on “Schwab Prices New Preferred Issue”
There’s another deal coming will see if it hits retail
25.35 – 25.37
25.02 @10:00AM. Took almost 10 minutes on Vanguard. Had to call and endure sales pitches. Site refused on line trade. says 25.02 is less than .01.
Lol I’m quoting wrong issue. Thanks I see24. 98