Business Development Company (BDC) New Mountain Finance (NMFC) has priced a new issue of baby bonds ($25/share).
The issue prices with a coupon of 8.25%. These baby bonds are investment grade per Moody’s (Baa3) and Fitch (BBB-).
When the shares trade (in the next 10 days likely) they will trade under the ticker NMFCZ on NASDAQ–there will be not be grey market trading.
Thanks to J for the alert on the Reader Alert Page