New York Mortgage Trust (NYMT) has announced they will be selling a new issue of baby bonds ($25 notes) with a maturity date in 2030.
The issue will trade on NASDAQ under ticker NYMTG when it begins to trade in a week or two (exact date can not be known).
NYMT has a number of currently outstanding issue (notes and preferreds) which can be seen here.
The preliminary prospectus can be reviewed here.
Thanks to mbg for posting this one. Jerrymac has chimed in with 9.125% yield talk.
NYMTI also 9.125% trading a few pennies above stripped par. Won’t be buying the new one unless it’s priced better I’ll swap them.