Telephone and Data Systems (TDS) has announced that they will be selling a new issue of preferred stock.
The issue will have a optional redemption date in September, 2026 and will be cumulative and qualified.
They will be calling the 6.625% Senior Notes (TDI) which was previously announced.
TDS has other baby bonds and preferred issues outstanding including a 6.625% preferred issued in February which has traded as high at $29 in recent times. The outstanding issues can be seen here.
J was right on this one and EarlyBird posits yield talk in the 6.0 to 6.125% area.