When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
FGSN - FGSN: A 7.3% Baby Bond IPO From F&G Annuities & Life
F&G Annuities & Life Inc. 7.300% Junior Subordinated Notes due 2065
2025-01-27 10:18:40 ET
Summary
F&G Annuities & Life, Inc. launched a 7.30% Junior Subordinated Notes IPO, maturing in 2065, with a $375 million issuance and BB credit ratings.
The company's solid equity coverage of debt and manageable interest expenses suggest no immediate risk for its creditors.
FGSN is fairly priced compared to OTC debt but overvalued relative to exchange-traded debt; better options with higher credit quality exist in the sector.
Potential inclusion in the iShares Preferred and Income Securities ETF could influence FGSN's market behavior.