Wednesday, May 23, 2007

IndyMac Bancorp offers $500 mln in preferred stock

(Reuters) - Moody's Investors Service rated the debt "Ba1," its highest
"junk" grade and two notches below IndyMac's "Baa2" senior
unsecured rating, an investment grade. Perpetual preferred
stock has no maturity date.




Goldman Sachs & Co. and Morgan Stanley arranged the
offering, with assistance from Citigroup Global Markets Inc.,
Deutsche Bank Securities Inc., Lehman Brothers Inc. and RBC
Dain Rauscher Inc., IndyMac said.


Read more at Reuters.com Bonds News

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