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Re: jseps0036 post# 52537

Tuesday, 02/01/2022 5:57:55 PM

Tuesday, February 01, 2022 5:57:55 PM

Post# of 55519
The new Bank of America preferred won't be on the OTC for long:

Bank of America (BAC) priced an offering of $700 million worth of new Series SS non-cumulative preferred stock, offering a fixed dividend rate of 4.75%. The new shares were rated by all three of Moody’s, S&P, and Fitch, at Baa3, BBB-, and BBB+ respectively. Trading will take place temporarily on the OTC under the symbol (BACXL), before moving to permanent symbol BAC-S on the New York Stock Exchange where it will join BAC’s many other preferreds, including the 4.25% Series QQ (BAC-Q) which was issued back in October, and the 4.125% Series PP (BAC-P) which was issued a year ago.

https://seekingalpha.com/article/4482669-new-preferred-stock-ipos-january-2022
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y