Financial services company B Riley has priced their new offering of baby bonds with a coupon of 6.75%.
This is a fixed rate issue with 3.48 million bonds being sold with an over allotment option of another 522,000 bonds being available.
These bond will have a maturity in 2024 with an early redemption period starting in 2021.
The issue will pay a bonus for early redemption of either 50 (2%) or 25 cents (1%) depending on the date of early redemption.
The company has 5 other issues outstanding which can be seen here.
The ticker for the new issue will be RILYO. There will be no OTC Grey market trading on this bond issue.
For what it is worth the issue is unrated by the major ratings companies, but is rated BBB+ by Egan-Jones.