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.
The preliminary prospectus can be found here.
J was right on this one.
EarlyBird chimes in yield talk at 5.50-5.625%
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5.50% Notes Due 2028