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Constellation Software Inc and Topicus Com Inc Announce

Constellation Software Inc and Topicus Com Inc Announce Results for Topicus com Inc for the Second Quarter Ended June 30, 2023

Analysis-US bank preferred capital issuance makes a tentative comeback

Investor appetite for a type of debt issued mostly by banks to boost their capital is showing early signs of revival, just as interest rates on an estimated $120 billion of such securities are due to reset to much higher levels. So-called preferred securities, which are one of the riskiest forms of debt but also have some characteristics of stocks, are popular among banks as a way to boost their capital for regulatory purposes. Typically, these securities have no maturity date, but they can be redeemed, or called, in five or 10 years from the date they were issued.

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