GasLog LTD Sells a Tasty 8.75% Cumulative Preferred

By: ,

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.

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Details of the issue are here.

Information for those looking to buy wholesale is here.

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