We have corrected the ticker which has been changed from the planned ticker.
The new OFS Capital baby bonds (NASDAQ:OFSSL) will begin trading today. Of course depending on your broker they may or may not have their database updated.
OFS is a business development company (BDC) which has performed fairly well over the last couple of years and holds mainly senior secured floating rate loans.
This issue has a meager coupon of 6.375% but has a desired maturity in 2025.
We will be a buyer of these shares for various portfolios–models and personal.
Our plan personally is to hold these until a weak economy is detected and at that point we would likely need to exit as we have little faith in BDCs holding risky loans in a weak economy.