Energy company Tellurian Inc. (TELL) has announced the upcoming sales of a new issue of baby bonds.
This issue will have a maturity date on August 31,2028. An early redemption period will begin 8/31/2023 and bonds will be redeemable on a sliding bonus scale starting at $25.75 and reducing by 25 cents/bond annually until 8/30/2026. After this date redemption is at $25. Of course all redemptions include accrued interest.
This issue will not be rated.
The permanent ticker will likely be TELLL when it begins trading on the NASDAQ – there will be no OTC grey market trading.
Deep due diligence is required as this company is small and generating substantial losses
af caught this one late today.