New Gladstone Baby Bonds Trading

Our reader ‘wedgehead’ has informed us that the new Gladstone Capital (NASDAQ:GLAD) baby bonds are now trading under the ticker GLADD.

We have checked Fido and eTrade and find it available right now in the $25.15 to $25.25 area—obviously pretty decent demand for a 6.125% coupon.

These baby bonds mature in 2023—and unlike their ‘term’ preferred pay quarterly interest payments instead of monthly.

I am buying a modest position for a long term hold in personal accounts.

7 thoughts on “New Gladstone Baby Bonds Trading”

John says:

11/08/2018 at 9:20 am

Picked up 200 at 25.13

Had a little to much cash
1. Tim McPartland says:
  
  11/08/2018 at 9:46 am
  
  John–it should be a good long term hold.
Eugene says:

11/08/2018 at 9:18 am

Hi

WhiteHorse Finance, Inc. announced today that it has commenced an underwritten offering of unsecured notes due 2025 (the “Notes”), subject to market and other conditions. The Company has submitted an application for the Notes to be listed and trade on The Nasdaq Global Select Market under the trading symbol “WHFBZ.”
1. Tim McPartland says:
  
  11/08/2018 at 9:47 am
  
  Hi Eugene–we caught that one about the same time. You’re hard to keep up with.
  1. Eugene says:
    
    11/08/2018 at 10:17 am
    
    Thanks, Tim!
    
    Can you please have a look at the below one too? They inted to list one of these on NYSE.
    
    https://www.sec.gov/Archives/edgar/data/884629/000119312518321737/d635409d424b5.htm
    1. Bob-in-DE says:
      
      11/08/2018 at 10:45 am
      
      If you are looking for a Euro-denominated bond with a minimum purchase of Euro 100,000 you should pursue it.
      1. Eugene says:
        
        11/08/2018 at 11:40 am
        
        Hi Bob
        
        You are right! I will pass this one

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