Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Energy Transfer Partners LP > News item |
Morning Commentary: Synovus preferreds continue to gain; Energy Transfer improves
By James McCandless
San Antonio, July 6 – Synovus Financial Corp.’s recent $200 million 6.3% series D fixed-to-floating rate non-cumulative perpetual preferred stock led secondary trading toward the end of the week.
The series D preferreds (NYSE: SNVPrD) were up 7 cents to $25.86 in early trading with about 227,000 shares trading.
On Monday, the company announced plans to pay about $130 million to redeem its outstanding series C fixed-to-floating rate non-cumulative perpetual preferred stock.
Energy Transfer Partners, LP’s 7.375% series C fixed-to-floating rate cumulative redeemable perpetual preferred units improved in early trading.
The preferreds (NYSE: ETPPrC) were up 12 cents to $25.34 on volume of about 120,000 shares.
The Wells Fargo Hybrid & Preferred Securities Financial index was up 0.27% in early trading.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.