4/10/2025
Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!
CLO CEF Oxford Lane Capital has priced a relatively large issue of baby bonds with 6.6 million shares (bonds) being sold. Additionally there are 990,000 shares available for over allotment.
The shares price at 7.95% and have a maturity date of 2/29/2032.
The company has numerous other term preferreds and baby bonds outstanding that should be reviewed and compared to this new issue before buying decisions are made.
The pricing term sheet can be seen here.
CLO CEF Oxford Lane Capital Corp. has announced they will be issuing a new $25 baby bond.
Of course Oxford Lane (OXLC) is a serial issues of baby bonds and term preferreds and they have numerous issues already outstanding which can be seen here. Investors should always compare new issues with those already outstanding as the newest isn’t necessarily the best.
As is normal J pointed this one out a few hours ago on the Reader Alert Page.
Residential mortgage REIT PennyMac Mortgage Investment Trust (PMT) has priced their new senior notes with a coupon of 9%.
This is a large issue with 6 million shares (bonds) being sold with another 900,000 shares available for over allocation.
PMT has a 8.50% senior note issue outstanding (PMTU) which fell around 40 cents on the announcement of this new issue.
Mortgage REIT PennyMac Mortgage Investment Trust (PMT) has announced they will be selling a new Senior Note offering with maturity in 2030.
PMT has a number of outstanding preferreds and senior notes which can be seen here.
The preliminary prospectus is here.
Thanks to J for being on top of this one and for EarlyBird for chiming in on ‘yield talk’ (in the 9-9.125% area).
Mortgage REIT Redwood Trust (RWT) has priced their new baby bond issue with a coupon of 9.125%.
This is the company’s 3rd baby bond in the last year. Their current outstanding 9.125% baby bond (RWTN) is currently trading at $25.27.
