Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for Duke Energy Corp. > News item |
Iberiabank preferreds top par; AIG moves lower; Duke Energy preferreds push higher
By James McCandless
San Antonio, March 29 – Against a broad market increase, top-volume names trading in the preferred space were mostly lower on Friday.
Iberiabank Corp.’s new $100 million 6.1% series D fixed-to-floating rate non-cumulative perpetual preferred stock closed above par.
The preferreds, trading under the temporary symbol “IBBRL,” were seen closing at $25.09 on volume of about 899,000 shares.
Elsewhere, Citigroup Capital XIII’s 7.875% fixed-to-floating rate trust preferred securities closed the week down.
The preferreds (NYSE: CPrN) were down 8 cents to close at $27.35 with about 1.6 million shares trading.
JPMorgan Chase & Co.’s 5.75% series DD non-cumulative preferreds were similarly lower.
The preferreds (NYSE: JPMPrD) dropped 51 cents to close at $25.73 on volume of about 1.1 million shares.
Meanwhile, insurance name American International Group, Inc.’s 5.85% series A non-cumulative perpetual preferred stock followed the negative path.
The preferreds (NYSE: AIGPrA) declined by 13 cents to close at $25.31 with about 907,000 shares trading.
Electric utility Duke Energy Corp.’s new 5.75% series A cumulative redeemable perpetual preferred stock ended better.
The preferreds, trading under the temporary symbol “DUEKL,” added 5 cents to close at $25.47 on volume of about 578,000 shares.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.