2024-07-01 00:19:20 ET
Summary
- Bank of Hawaii priced $165 million of new series B preferred stock with an 8% fixed dividend rate, trading on NYSE under the symbol BOH-B at $25.67.
- Brookfield Infrastructure priced $150 million of new subordinated notes with 7.25% fixed coupon, trading on NYSE under the symbol BIPJ.
- NewtekOne priced $71.875 million of new senior notes with an 8.5% fixed dividend rate, trading on Nasdaq under the symbol NEWTG above par value.
New offering summaries:
Bank of Hawaii ( BOH ) priced an offering of $165 million worth of new series B non-cumulative preferred stock, offering a fixed dividend rate of 8%. The new shares received ratings of BBB from DBRS and Baa3 from Moody's, however the Moody's rating is on review for downgrade. The new shares traded temporarily on the OTC under the symbol BOHDL before moving to the permanent symbol BOH-B on the New York Stock Exchange, where shares were changing hands at $25.67 as of this writing....
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For further details see:
New Preferred Stock And Exchange-Traded Debt IPOs, June 2024