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BDC Investcorp Credit Management(ICMB)has announced a new $1,000 note issue with a maturity in 2026. The company will call the 6.125% baby bonds (CMFNL) with the proceeds. It will be interesting to see how low this issue is priced given the Horizon Tec…

KKR Group Finance (untraded) has announced that they will be selling a new issue of subordinated notes with a maturity date in 2061. KKR Group Finance is an indirect finance division of KKR & Co (KKR). KKR intends to use the proceeds to redeem some…

The 6.25% term preferred from CEF Priority Income Fund is now finally trading on the NYSE and last priced at $24.70–ticker PRIF-G. wedgehead made note of this early.

In an unusual late day filing B Riley Financial (RILY) has announced another issuance of baby bonds. The company, which has become a serial issuer of debt, plans to sell 5 million shares. The company has stated that proceeds over $100 million (if any)…

Business development company Horizon Technology Finance (HRZN) has priced their new issue of baby bonds. The issue prices at 4.875%. The permanent ticker will be HTFB. Their will be no OTC grey market trading. The SEC pricing paperwork has not been fil…

Charles Schwab (SCHW) has priced there previously announced non-cumulative preferred stock issue. The issue prices at 4.45%. The issue is investment grade, non-cumulative, but qualified for preferential tax treatment. As noted before the company will r…

Business development Company (BDC) Horizon Technology Finance Corporation (HRZN) has announced a new issue of $25 notes with a maturity date in 2026. The proceeds will be used to redeem the 6.25% notes due 2022 (HTFA) which had early call period starti…

Financial firm Charles Schwab Corp (SCHW) has announced a new offering of non-cumulative preferred stock. The company intends to call for redemption the 6% SCHW-C issue which became redeemable last December with the proceeds of this issue. The offering…

The Standard and Poor’s 500 fell by about 3/4% last week–closing the week at 3913 which was about 30 points lower than the previous week. This close is just below the all time high–let’s face it equities are at all time highs for all practical purpos…

Eagle Point Credit (ECC) has priced their previously announced notes due 2031. The issue prices at 6.75%. The issue will have an early redemption in 2024 with maturity in 2031. ECC has a number of other issues outstanding which can be seen here. There…

Fortress Transportation and Infrastructure Investors LLC (FTAI) has priced their new issue of reset rate preferred. The new issue will have a fixed rate of 8.25% until 6/15/2026 after which point the coupon will reset at a spread of 7.378% plus the 5 y…

Well the 10 year treasury yield keeps popping with the current yield reaching 1.75% before closing the day at 1.73%. Preferred stocks fell about 1/2% with some of the higher quality issues moving lower by 1%. Obviously investors believe there is inflat…