Michael Terry
Michael Terry
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Michael Terry
$DDR (Baa3/BBB-) doing $300 of 10yr debt. '22s trade at +160/curve, look for 170ish for the new deal. - View all 0 replies
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Michael Terry
$ETR doing 50yr $25 par first mortgage bonds through their Louisiana sub (A3/A-). Looks like 4.75%. Value here is in the diversification. - View all 0 replies
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Michael Terry
$CTU (Baa3/BBB-) doing a 40yr noncall 5yr $25 par senior debt at 6.125%. Looks cheap to $1000 par senior (10yr at 4.50%) - View all 0 replies
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Michael Terry
$GE doing $25 par senior notes - 40yr, noncall 5yr at 4.70%. On top of prefs, but higher in the cap structure. - View all 2 replies
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Clayton Rulli: Do you know are these through GE on the whole or just for GECC? -
Clayton Rulli: these may be why GEB is down so much today. What a good run
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Michael Terry
$AAPL hitting the debt market. Maturities: 3Y Fixed/FRN; 5Y Fixed/FRN; 10Y Fixed, 30Y Fixed - View all 0 replies
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Michael Terry
$C doing a perpetual #preferred - 5.375-5.50% area. Seems a little tight at the low end. - View all 1 replies
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Michael Terry
$DLR issuing $225mm of 5.875% Series G preferred. Give 3/8 CY to Series F, Give 70bps to Series E on CY. Watch the Series E get redeemed. - View all 1 replies
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poclerk: Thanks Mike. I would need to see this one below par. Coincidentally, I was actually taking a look at DLR common.
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Michael Terry
$DDR looking to raise $100mm by selling 6.25% series K perp preferred. taking out the series H. - View all 1 replies
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poclerk: I bought 200 shares of this new series K today, March 26, at $24.70
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Michael Terry
$OFC is redeeming its 7.625% Series J Cumulative Redeemable Preferred Shares. Series L is 6.93% CY /6.04% YTC, Series H 7.50% -YTC. - View all 0 replies
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Michael Terry
$WFC issues $575MM perp preferred (series P) at 5.25%. Ouch, kinda tight, but priced right for the name. - View all 0 replies
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Michael Terry
$SBRA issues 5MM shares of 7.125% Series A preferreds - $25 par. Only outstanding issue. Single B rated. - View all 2 replies
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Kraken: I am hoping I can jump on this before it runs up above par.
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Michael Terry
Looks like judge is leaning in $CHK direction. Bad for the recent bond buyers, good for equity. - View all 0 replies
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Michael Terry
$VTR 7yr debt issue +132/Treas. Baa2/BBB. Decent value at 2.72%. Recent 5.45% $25 par debt 30yr $VTRB, has a current yield of 5.40%. - View all 0 replies
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Michael Terry
$INN prices 3m 7.125% Series C preferred stock. Repaying debt/banks with proceeds. Like the INNPrA (9.25%) more - 7.60% Yield to call. - View all 5 replies
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hkcentraler: Look attractive, poclerk and I will take a look of it, many thanks!
