Bankers Trust New York Corp.'s exchange offer for up to $150 million of outstanding preferred is likely to hit the market later this month.

Bankers Trust will offer new preferred stock in exchange for the higher-cost outstanding shares.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.