BHF - Brighthouse Financial Inc: A 6.75% Preferred Stock IPO From This Life Insurer
Introduction
The issuance of new preferred stocks and baby bonds is always welcome for all fixed-income investors. Especially when these are large and liquid issues with a good rating from any of the Big Three. The increased variety, the opportunity for anyone to diversify their portfolio, or if you are a day trader just a higher probability for an arbitrage opportunity are only positive things in the little world of the fixed-income securities. In this article, we want to pay our attention to a new Preferred Stock issued by Brighthouse Financial Inc. (BHF).