The German Insurance company, Allianz, is delisting its securities from the NYSE and other exchanges. It ain't just AGO that's doing this. See AZM board for the response to this. Disclosure: I have all of 400 of this baby bond, but don't intend to sell them since I'm getting more than 8% and it has A+ credit rating.
Tony, great post on AZM. I didn't think there was one these that I not heard of yet. Its one of those "enhanced" securities that is guaranteed except when it isn't, in which they get to defer up 5 years interest if they want to. Will have to look into Allianz, wish I had come across it sooner. May be few more days of selloff while the weak hands sell.
I personally wouldn't consider any purchase until it stops trading on the NYSE around October 23. It could decline after that date so its yield is around 10% or so. I'm assuming that you'd have to trade it on the pink sheets hence the discount.
You are comparing apples to oranges. These were prefered shares in a REIT versus bonds here. Also, they stopped paying dividends sometime ago due to financial difficulties while AGO is in good financial shape. No comparison in company or seniority.