Hard money lender Sachem Capital (SACH) has announced they will be selling a new issue of baby bonds.
SACH has many issues of baby bonds outstanding and 1 issue of perpetual preferred which can be seen here. They last sold a baby bond in May with a coupon of 7.125% which is trading at $24.98.
The new issue will have a maturity date in 2027.
EarlyBird was right on this one.