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Join Amherst Pierpont for a 30-minute discussion on recent perpetual preferred issuance among US money center banks. We take a look at supply and demand pressures and their influence on relative value for this growing segment of the US bank corporate bond sector. Since most of the newer instruments are coming to market with fix-to-floating rate structures that extend beyond the anticipated transition from LIBOR, we will also address some of the structural details and indenture language that could potentially impact valuation. Corporate credit analyst Dan Bruzzo will take 20 minutes to cover topic highlights and then open the forum to questions and discussion.
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