Oxford Square Capital Corporation (OXSQ) has announced they will be selling a new issue of $25 baby bonds. The new issue will mature in 2028 and has an early call period available to the company starting in 2024.
The company currently has 2 issues of baby bonds outstanding which can be seen here. The 6.50% is currently callable, but the company does not indicate they plan to call it at this time–it is trading at $25.30 so little harm would come from a call.
The issue will trade under permanent ticker OXSQG when it begins to trade in a week or so. No OTC grey market trading will take place, but those desiring shares (bonds) before exchange trading can call their broker after the issue is priced.
J was right on this one.
EarlyBird chimes in yield talk at 5.50-5.625%