Category: Debt Issuance

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.

The pricing term sheet can be read here.

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.

The pricing term sheet can be read here.

Mortgage REIT New York Mortgage Trust (NYMT) has priced their new issuance of Senior Notes ($25/bond) at a coupon of 9.125%.

The issue matures in 2030–so with the short duration the share price should remain more stable than a very long dated maturity issue.

NYMT has many outstanding issues of baby bonds and preferred stock which can be seen here. The company sold a 9.125% baby bond in June which is trading at $25.08.

The pricing term sheet can be read here.

New York Mortgage Trust (NYMT) has announced they will be selling a new issue of baby bonds ($25 notes) with a maturity date in 2030.

The issue will trade on NASDAQ under ticker NYMTG when it begins to trade in a week or two (exact date can not be known).

NYMT has a number of currently outstanding issue (notes and preferreds) which can be seen here.

The preliminary prospectus can be reviewed here.

Thanks to mbg for posting this one. Jerrymac has chimed in with 9.125% yield talk.