KKRT: 6.875% Subordinated Note IPO From KKR & Co.
Core Insights - KKR & Co. Inc. has launched a new exchange-traded fixed-income security, specifically the 6.875% Subordinated Notes due June 1, 2065 [1] Group 1 - The new security offers a fixed interest rate of 6.875%, which may attract investors looking for stable income [1] - The notes are subordinated, indicating they will be repaid after other debts in the event of liquidation, which may present a higher risk compared to senior debt [1] - The issuance of these notes is part of KKR's strategy to diversify its funding sources and enhance its capital structure [1]