We have been notified by ‘Wedgehead’ that the new baby bond from Prospect Capital (NASDAQ:PSEC) should start trading today.
The ticker will be PBC. This issue has a coupon of 6.875% and a maturity date in 2029.
This is an investment grade baby bond with a coupon that is enticing. While the maturity date is a little longer than we would like it may work well for someone.
Investors should be patient for a day or so to allow for some brokers to get the symbol set up in the system.