Ladenburg Thalmann (AMEX:LTS) will sell a new issue of baby bonds with a maturity date in 2029. Details are not yet available.
These will not be high quality, but the preferreds and baby bonds the company has outstanding have performed fairly well of the last 10 years. You can see them all here.
LTS trades in the $3.50 area–so that tells you a bit about the quality of the company, but risk equals reward so for shorter maturity dates these may well be reasonable.
The ticker will be LTSH when it begins to trade. No OTC Grey market trading will take place.
As usual Eugene sees these new issues 1st and he always posts in the “Reader Initiated Alerts” section.