AV has a new preferred - Exchange Traded Debt: AVV
The coupon yield is 8.25, but price is presently at around $24.18 so the yield is 8.5%. They rate it at A3 / BBB+ so looks fairly healthy. This is UK largest insurance company, but still have to be concerned because of all the problems in Europe.
I just purchased a few shares of AVV, but was curious what others think about this security?