PhenixFin Corp (PFX), a business development company, has announced they will be selling a new issue of baby bonds.
PFX is the old Medley Capital.
The company will be selling notes with a maturity date in 2028 and an optional redemption date in November, 2023.
The company intends to redeem all or part of the outstanding 6.125% baby bonds (PFXNL).
The preliminary prospectus can be found here.
2whiteroses was on top of this one early today.
my god what are these low rates….
Priced at 5.25%
Anyone who hasnt first max loaded what they can in Ibonds for this year and in January and buys 5% issues or less is not being prudent at all. With the CPI print of almost 1% for October, next 6 month cycle is already out the gate and on fire.