One thought on “Terra Property Trust Prices Baby Bonds”

  1. No traded equity apparently. Some background stuff on Terra. Looks like the notes support a roll-up of several private partnerships to facilitate the sale of the manager by Bruce Batkin, former CEO. https://www.linkedin.com/in/bruce-batkin-2a698b8/

    https://www.sec.gov/Archives/edgar/data/1639928/000110465920034174/tm2011783d9_sc13d.htm

    https://securities.portal.conduent.com/Terra/rep/FundPortfolio/TPT_Portfolio_051520p2.pdf

    Properties look OK, but Terra is a pig in a poke to me.

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