Coupon floats at 3 month Libor plus 1%. Minimum of 4%.
Replacement for LIBOR will be 3 month SOFR plus .2616%
Type: Floating Rate
Legacy Reserves, L.P., 8.00% Series B Fixed-to-Floating Cumul Red Perp Preferred Units
DIVIDENDS SUSPENDED
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Legacy Reserves, L.P., 8.00% Series A Fixed-to-Floating Cumul Red Perp Preferred Units
DIVIDENDS SUSPENDED
US Bancorp, Floating Rate Non-Cumulative Perpetual Preferred Stock Series B (3.5% Min)
Coupon Floats at the rate of whichever is greater between either 1) .60% plus 3 month libor or 2) 3.5%
Beginning 7/1/2023 this issue will changeover to SOFR (from LIBOR) so the rate will be 3 month SOFR plus an applicable spread. The press release with details is here.
7/1/2023 Now trading with 3 month SOFR plus .2616% Replacing LIBOR
U.S. Bancorp, 6.5% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock Series F
Rate is Fixed until 1/14/2022 at 6.5%. There after the coupon floats at a rate of 3 month libor plus a spread of 4.468%.