Associated Banc-Corp Preferred Offering

By: ,

Associated Banc-Corp (ticker:ASB), a large Wisconsin regional bank, has sold a non cumulative offering which should be trading today on the OTC grey market.  If you are not aware of how to buy preferred stocks ‘wholesale’ you can look at the discussion here.

Advertisement.

The issue has a 6.125% coupon and is redeemable in 5 years.  The issue is investment grade (ASB preferreds were just upgraded in May by Moodys).

Given that the issue is perpetual we do not have interest at this point in time.

Advertisement.

Details of the issue are here.

If you would like a email note of when these new issues come out please sign up for email notices on this page.  We sent a notice out on this issue a few hours ago.  We do not send junk emails–just new issues and end of month performance recaps.  We do not sell or give away our email database.

Related Posts:

Tim McPartland

Connect with Tim McPartland

Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
X
Search Dividend Investor