WR Berkley Prices Subordinated Notes–Updated–Updated

While the FWP (free writing prospectus) hasn’t been filed with the SEC yet (or not published)  Jerrymac on Silicon Investor says it priced at 5.70%–boo–we always want higher.

Jerrymac is mostly always right or we wouldn’t publish this note until the FWP is out.

UPDATE–the FWP is out and can be found here.  As Jerrymac noted earlier.

Update – This issue will not trade OTC Grey Market and should trade on the NYSE in the next few days under the ticker WRB-E.