Another Baby Bond to Be Redeemed

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 Technology Finance (HRZN) priced yesterday at 4.875%.

The new note prospectus is here.

It is obvious that everything that is redeemable by a company that is solvent will be redeemed ASAP.

4 thoughts on “Another Baby Bond to Be Redeemed”

  1. The baby bonds call was effective April 26. Did all brokers post the accrued interest (for the period from April 1 to April 25) when the bond redemption occurred, or did some brokers NOT post accrued interest?

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