Baby Bond from Oxford Square Now Trading

The new baby bond from Oxford Square Capital Corp (NASDAQ:OXSQ) has begun trading on the NASDAQ under the ticker of OXSQZ.

This $25 baby bond carries a coupon of 6.25% and has a final maturity of 4/30/2026. An early redemption period for the issue begins 4/30/2022.

The issue is unrated by the major ratings agency, but is rated by Egan-Jones at A-.

Oxford Square is a holder of collateralized debt obligations (CLOs) and is organized as a BDC (business development company).

Further details can be seen here.

6 thoughts on “Baby Bond from Oxford Square Now Trading”

  1. OXSQZ weak today. Coupon not attractive enough? Lack of love for CLOs?

  2. Tim,
    I appreciate your web site very much. I have a question about parking cash. Do you have a suggestion as to where to keep cash-like funds? I am looking at Barclay’s short-term bond fund (SHV). I know there are also money-market funds, but I think I need the fund to be tradeable on an exchange, so that I can access it in time to settle longer-term trades (baby bonds, preferreds, etc.). But perhaps I am wrong about that. Any advice would be appreciated.
    Jay

    1. Jay,
      One of the most popular parking spots amongst us here on this site is KYN-F. Super liquid…

    2. @Jay
      The money market fund in your brokerage account can be accessed immediately, that is, withdrawn and available in your personal checking or savings account in one business day ( overnight ). It is the same as cash but earning a small amount of interest. I suggest you contact your broker and ask 1= where your cash is parked 2= how to withdraw it. , if you do not know. Any investment will first have to be sold and then withdrawn, so that will take an extra day or two.

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