GrahamMoore999 New Issue Update: Energy Transfer LP (ET) issued a new 8% junior subordinated paper yesterday (January 10th). The paper is pari passu with the old CEQP 9.25% preferred that has become ET 9.25%, Energy Transfer LP 9.250% FXD PFD I (NYSE:ET.PR.I) post the company's purchase of Crestwood. The new 8% issue traded up 2 points and is yielding 7.71%. It is callable at par (100) in 2029. Even with the pop, I continue to view the ET.PR.I preferred to have an upside. They are worth $11 just to get to t ...