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Truist Financial Corporation - 5.25% PRF PERPETUAL USD 25 - 1/1000th Int Ser O

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About Truist Financial Corporation - 5.25% PRF PERPETUAL USD 25 - 1/1000th Int Ser O

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Recent Comments

It went from 668 to 672 after the news dropped that the deal was dead lol…how do I know that? My 669p O-DTE’s were supposed to pay for my brake job and got blown the fuck out
o shit like DD but MM? maybe i was misguided
Plata o plomo!
Oh no, you got me :O
# F O E V A
According to the FT source, 70 percent of the O’Connor fund with exposure to First Brands is expected to be monetized by year-end. In addition, a «High Grade» invoice finance fund that had no exposure to First Brands will also be liquidated. The total assets of this fund, amounting to around $600 million, are to be liquidated by the end of the year. In the financial industry, concerns about corporate financing, insolvencies, and bad debt have been increasing. Since many of these debts are securitized in various financial instruments, the effects can be far-reaching. https://www.finews.com/news/english-news/70057-ubs-o-connor-frist-brands-fonds-liquidation-swiss-banking-finance-place-2 the interesting piece is why the second "high-grade" fund that had no exposure to first brands is being liquidated. "high-grade" is basically supposed to mean there shouldn't be losses for the fund. it might be because investors aren't so confident in the "high-grade" rating and were spooked into asking for their money back
At least we ended the week with a bit o excitement
Hey Alexa play Never Saw It Coming by O Zorn!
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