Mortgage REIT Redwood Trust (RWT) has announced they will be selling a new issue of senior notes with a maturity date in 2029.
The notes will have an early redemption available in 2026 at the option of the issuer.
The issue will trade under ticker RWTN when they finally begin to trade on the NYSE.
Yield talk is in the 9.125% area.
The company has a 10% fixed rate reset preferred trading now which is in the $24.55/share area
Thanks to EarlyBird for catching this one.