Mortgage company PennyMac Mortgage Investment Trust (PMT) has announced the upcoming issuance of a $25/share baby bond with a maturity date in 2028.
I don’ recall any residential mREIT selling a baby bond in the past–maybe there has been one but I don’t recall it.
The issue will trade on the NYSE.
The preliminary prospectus can be found here.
Thanks to J for noting this new one!