GasLog LTD Sells a Tasty 8.75% Cumulative Preferred
By: Tim McPartland,
GasLog LTD (ticker:GLOG) has sold a new preferred offering that began trading on the OTC Grey market today.
GasLog is a LNG (Liquified Natual Gas) ship owner and has a decent free cash flow.
While we are not a long term buyer of this issue for those looking for a higher yielding issue this one is not too bad.
Details of the issue are here.
Information for those looking to buy wholesale is here.