Seeking Alpha
  • Rubicon Associates
    STT - prefs price at 5.25%
    8/14/12
    Reply (3)
    • poclerk: COF came out today with a 6% coupon. Can you explain the wide difference in coupon over the STT 5.25%?
      8/14/12
    • Rubicon Associates: STT Baa1/BBB+ COF Ba1/BB+ Good chunk of folks cant buy HY prefs (same reason non-rated REITs are always cheaper).
      8/14/12
    • poclerk: Thanks
      8/14/12