mREIT Redwood Trust (RWT) has priced the previously announced senior notes.
The notes price at 9.125%–right at the ‘yield talk’ number from Earlybird yesterday.
The issue will trade under ticker RWTN when it begins to trade on the NYSE. It is likely to be at least a week before trading begins. There will be no grey market trading, but if one calls their broker bond desk they may be able to buy shares prior to exchange trading–but there is little reason to buy early as there are low odds the share price will run up quickly.