Cowen Inc. has priced their new senior notes at a lofty 7.75%. We had noted that with the longer dated maturity we would have little interest, but at this lofty coupon one should consider this nice bond.
Certainly the longer dated maturity of these baby bonds (in 2033) has cost the company a bit in higher coupon cost.
The issue will not trade Grey Market prior to trading on the NASDAQ.
At this point we find no ticker symbol being released.