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.

One thought 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?

Leave a Reply

Your email address will not be published. Required fields are marked *