Replies to post #59156 on Traders Cooperative

[Joe Stocks]

Interesting. Just got back in about 5 minutes to the close. I see that ING stuff is down 25%. Exchange traded debt. IND that I just sold the other day back in here at 14.25. All I see is Moody's took them to b1 from A3.

I can not get quantumonline.com to come up. Can someone try to see if it is just my browser? TIA

[Joe Stocks]

ABNpE- Another that I don't have on my watchlist. Couple things that turned me away. Non-cumulative, and secured by preferred securties versus subordinated debt. Dividends versus interest. Dividends need to be declared. Interest on indentures is not. JMO.

ABN Amro Capital Funding Trust V, 5.90% Noncumul Guar Trust Preferred Sec

Ticker Symbol: ABN-E CUSIP: 00372P203 Exchange: NYSE
Security Type: Trust Preferred Security
SECURITY DESCRIPTION: ABN AMRO Capital Funding Trust V, 5.90% Non-cumulative Guaranteed Trust Preferred Securities, guaranteed by ABN AMRO Holdings N.V. (NYSE: ABN), liquidation amount $25 per share, redeemable at the issuer's option on or after 7/03/2008 at U.S.$25 per share plus declared and unpaid dividends, with no stated maturity, noncumulative distributions of 5.90% ($1.475) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date. The trust's assets consist of the 5.90% Perpetual Preferred Securities of ABN AMRO Capital Funding LLC V which were purchased from the bank using the funds generated from the sale of the trust preferred securities. Certificate ratings at the IPO were A by S&P and A2 by Moody's. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.