Originally issued by Merrill Lynch
Coupon will float at a rate of 3 month Libor plus a spread of .75% with an overriding minimum of 3%
7/1/2023 Now trading with 3 month SOFR plus .2616% Replacing LIBOR
Type: Floating Rate
Aspen Insurance Holdings Ltd, 7.401% Fixed/Adj Perp Non-Cumul Preference Shares
Aspen Insurance Holdings Ltd, 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares
Coupon is fixed at the rate of 5.95% until 7/1/2023 after which it will float at a rate of 3 month Libor plus a spread of 4.06%
May only be redeemed on a dividend payment date
Aspen Insurance Holdings was acquired by Apollo Global in 2/2019 and as such is no longer a publicly traded company.
Aspen announced as of 11/30/2023 that this coupon will be fixed at 9.59343% from this point forward.
Aegon N.V., Floating Rate Perpetual Capital Securities
Dividend reset quarterly at a rate of .875% plus 3 month libor or 4% minimum.
Callable only on a dividend payment date
NuStar Logistics L.P. 7.625% Fixed-to-Floating Rate Subordinated Notes due 2043
The Notes will bear interest from the date of issuance to but not including January 15, 2018, which we refer to as the “Fixed Rate Period,” at an annual rate of 7.625% of their principal amount, payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing April 15, 2013, and thereafter, which we refer to as the “Floating Rate Period,” at an annual rate equal to the sum of the Three-Month LIBOR Rate (as defined in “Description of the Notes — Determining the Floating Rate; Calculation Agent”) for the related interest period plus a spread of 673.4 basis points, payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing April 15, 2018.
We show the dividend in the grid below as 0 as the issue is now in the floating rate period and investors should go the issuer website to determine current coupon