Offbeat Offerings: Fixed-Rate Capital Securities

    by Cara Scatizzi

    Offbeat Offerings: Fixed Rate Capital Securities Splash image

    Fixed-rate capital securities are debt/equity hybrid investments, first developed in the early 1990s, that attempt to combine certain advantageous features of equity and debt securities to both issuers seeking to raise capital and income-oriented investors.

    Preferred partnership securities, trust preferred securities, capital securities, MIPS, MIDS and QUIPS are just a few examples of the various forms of fixed-rate capital securities.

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