Lodging REIT Sotherly Hotels (NYSE:SOHO) will be issuing some baby bonds in $25/shares.
These bonds will be maturing in 2021–so a nice short maturity. It is quite unusual for a REIT to be issuing baby bonds with a maturity this short.
We will want to do some research on the company prior to the pricing of this issue as we likely will have some interest in a bond with a maturity this short assuming they have a reasonable coupon.
The pricing and final terms have not been announced and we will publish when this occurs.