Tellurian Inc (TELL) has priced the previously announced $25 baby bond.
The issue prices with a coupon of 8.25% for 2 million shares (bonds) with another 300,000 shares available for over allotments.
The issue will have a maturity date of 8/31/2028. The optional early redemption period begins 8/31/2023.
Contrary to what I posted yesterday the issue is rated–by Egan Jones–at BBB+
Interest payments are made on the last day of January, April, July and October starting on 10/31/2021.
This issue will trade under ticker TELLL on Nasdaq