Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for THL Credit, Inc. > News item |
Morning Commentary: Public Storage lags behind par; State Street stays busy; THL lists on NYSE
By Stephanie N. Rotondo
Phoenix, Nov. 24 – Preferred stocks were essentially flat in early Monday trades as a trader predicted a “very quiet week” due to the Thanksgiving holiday.
The trader noted that there was no news of any new deals for the week.
Among deals from the previous week, Public Storage’s $175 million of 5.875% series A cumulative perpetual preferreds were seen at $24.70 bid, $24.77 offered.
That deal came Thursday and freed around midday Friday. It was also assigned a temporary trading symbol, “PBSTP.”
State Street Corp.’s $750 million of 6% series E fixed-rate noncumulative perpetual preferreds – a deal from Tuesday that is trading under a reporting symbol of “SRTRP” – were meantime pegged at $24.90 bid, par offered.
In a deal from earlier in the month, THL Credit Inc.’s $45 million of 6.75% $25-par notes due Nov. 15, 2021 were admitted for trading on the New York Stock Exchange on Monday.
The deal came Nov. 13. The symbol is “TCRX.”
The notes were trading at $24.99 early in the session, down slightly from the par opening levels.
© 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.