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BDC OFS Capital to Sell Baby Bonds

Business Development Company OFS Capital (OFS) will be selling a new issue of $25 notes.

The company already has 3 issues outstanding with coupons ranging from 5.95% to 6.50% and you can see them here. All issues are trading substantially under $25.

The preliminary prospectus can be read here.

Fabrib was right on this one with EarlyBird noting ‘yield talk’ at 6.125-6.25% with a Egan-Jones BBB- rating.

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