Athene preferreds trade lower; Synovus ends flat; Energy Transfer mixed

By James McCandless

San Antonio, July 12 – At the end of the week, the preferred space trended higher as top traders saw mixed activity.

Placing at the top, Athene Holding Ltd.’s 6.35% series A fixed-to-floating rate perpetual non-cumulative preference shares traded lower.

Meanwhile, in finance, Synovus Financial Corp.’s 5.875% series E fixed rate reset non-cumulative perpetual preferreds were active but closed flat.

Sector peer BB&T Corp.’s 5.85% series D non-cumulative perpetual preferred stock also ended the session unchanged.

Oil and gas name Energy Transfer Operating, LP’s 7.375% series C and 7.6% series E fixed-to-floating rate cumulative redeemable perpetual preferred stock were mixed.

Elsewhere, REIT Annaly Capital Management, Inc.’s 6.75% series I fixed-to-floating rate cumulative redeemable perpetual preferreds trended negative.

© 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.