Barnett Banks Inc.'s

Barnett Banks Inc.'s convertible preferred deal is selling better with retail than with institutional investors, a capital markets specialist said. The dividend on the stock will likely be set between 7.25% and 7.5%, and the conversion premium will be set roughly 20% higher than the stock price when the issue is priced.

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.