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).