New Preferred Stock IPOs - June 2025

KKR ( KKR ) priced an offering of $550 million worth of new 6.875% exchange traded subordinated notes due 2065. The fixed coupon will be paid quarterly, and KKR has the option to redeem the notes earlyWhether you are the kind of investor who sticks with preferred stocks with a CDx3 Compliance Score rated 10 out of 10, or whether your portfolio has room for 9-score-and-lower securities, stay tuned for future articles recapping new IPOs and interesting preferred stock activity that we notice here at the CDx3 ...