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.

The pricing term sheet can be found here.

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

7 thoughts on “New Gladstone Baby Bonds Trading”

  1. 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. Hi Eugene–we caught that one about the same time. You’re hard to keep up with.

        1. If you are looking for a Euro-denominated bond with a minimum purchase of Euro 100,000 you should pursue it.

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