Blockchain technology company Argo Blockchain (ARBK) has announced the sale a new issue of baby bonds. Argo is a bitcoin miner. NOTE this is a British company.
The company is selling 1.6 million shares, with another 240,000 available for over-allotment ($25 bonds) with a coupon of 8.25% and a maturity date in 2026.
The issue will be redeemable starting in 2023 at 102%, then 101% a year later and then at 100% thereafter.
Ken ferreted this obscure issue out a few hours ago.