Business development company Fidus Investment (FDUS) is selling a new $1,000 note issue with the intention of calling their outstanding baby bonds.
The new issue ‘use of proceeds’ can be found here.
J was on top of this one.
Category: Debt Redemption
More Official Redemption Notices
As noted a couple days ago a call was expected on the National Retail Properties 5.2% perpetual preferred. Ken posted the press release on the call here. The call occurs on 10/16/2021.
Ken also posted the press release on the call of the Southern Company SOJB issue. The issue is a 5.25% junior subordinated note due 10/2076. The call is for October 18th. The press release is here.
A non official call is reflected below–
J posted that The Hartford Financial Services Group (HIG) has pre-announced a redemption on their 7.875% fixed to floating rate debentures (HGH) which is not redeemable until 4/15/2022. Shares are at $26.36 right now. With 3 interest payments of 49 cents each at this price it is about a breakeven. Will be curious to see who forgets about this pre announcement and keeps the price in the mid $26’s until March. The ‘use of proceeds’ statement is here.