BDC Midcap Financial Investment (MFIC) (formerly Apollo Investment) has priced their new baby bond issue. The issue prices at 8% for 3 million shares plus an over allotment of 450,000 shares (bonds).
Kroll rates the issue BBB-
Look for this issue to trade on the NASDAQ in the next week or so.
The pricing term sheet can be found here.
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@Richard Westin: Try ticker MFICL or cusip 03761U601. Unfortunately, the price is above par at $25.84.
How does one use Schwab to buy this bond? It looks like there are two cusip numbers.
Richard-
MFICL is a baby bond, meaning a bond that trades as a stock. Buy/sell using the ticker symbol MFICL.