Below is the chart with all of the new issues that have been sold since 12/11/2020 (nothing special about this date–just when I started tracking them). I do not cover ‘equity units’ on this website.
The new baby bond from Gladstone Investment (GAIN) is the only issue not trading at this time.
It is interesting to note that the low coupon, quality issues, are mostly at or below $25. Non rated issues are trading stronger. The Newtek Business Systems (NEWT) 5.50% baby bond is trading very strongly at $26.34, while the Wells Fargo 4.375% perpetual (WFC-C) trading weakly at $24.54.
Please note that the 10% Babcock & Wilcox baby bond (BWSN) is trading strong at $25.67. A cautionary note on this issue–they have been off and on operating under ‘going concern’ statements–i.e. there are doubts to their ability to continue in business. In somewhat of a ‘sweetheart’ deal B Riley has bailed them out recently–but this company is dicey–use care and do very deep due diligence.