The BDC Fixed Income median price barely changed for the week, but there was a shift among issues trading below par. Otherwise, new issue activity remained high and more is promised. It’s been a busy month for BDC unsecured debt and for the Reporter.
The BDC Reporter compares what we had expected to happen at Fidus Investment before the second quarter 2019 results with what actually occurred. Coming next: the IIIQ 2019 Earnings Preview for Fidus.
BDC Fixed Income prices didn’t change much on the week, but the capital markets for new unsecured debt issuance were very busy and the BDC Fixed Income landscape is rapidly changing.
A BDC winning streak comes to an end this week, but the market remains buoyant nine months into the year. Little in the way of major developments to report, but credit continues to be a source of concern “maybe not today, maybe not tomorrow, but soon”.
The BDC sector followed the major indices down. And then up again. However, the second week of BDC earnings season was not an unalloyed success and future market direction is in question.
The BDC Reporter provides news, views and analysis to the just published Fidus Investment earnings transcript, trying out a new format for our readers.
A quiet week, both in terms of price changes and news developments, in BDC Fixed Income. Looking around the corner, we speculate as to whether the universe of publicly traded unsecured BDC debt gets bigger or smaller.
On the cusp of the most interesting Earnings Season in years, BDC stocks remained in a narrow range. We look forward to the debate about extra leverage but also beyond…
BDC Fixed Income loses a constituent, but the group as a whole remains stable, both in the short and medium term. We delve into our archives for perspective and compare with BDC common stock returns of late.
BDC common stocks had another tough week. Matters could get worse. Much worse, as we discuss. However, we end on an optimistic note.
The BDC Fixed Income segment is battered and bruised – but still standing. We discuss the phenomenon and answer the question: For how much longer ?
Fidus Investment is trading close to a 52 Week Low and has just issued new Baby Bonds. We ask if either the common stock or debt is a Good Buy ?