As has been the case lately all coupons seem to come in 1/8% under the “price talk” number.
Container leasing company Triton International (TRTN) has priced a new issue of perpetual preferred at 6.875% (price talk number was 7%).
The company has 3 other issues outstanding which can be seen here. Investors will have to see where this new issue trades and then by comparing to those issues outstanding determine which best fits their needs.
The pricing term sheet can be read here.