Terra Property Trust (Not exchanged traded) has announced a new issue of baby bonds. Terra is a commercial mortgage REIT.
The bonds will trade on the NYSE under ticker TPTA after they are priced – trading is likely a week away.
The registration statement for this new issue can be found here.
Yield talk is in the 6.00% to 6.25% area with maturity in 2026.
EarlyBird was right on top of this one.