There was a slight – and we mean tiny – shift in BDC Fixed Income prices in the week ended January 17, 2020. Also, two BDCs were in the market issuing new debt: one for a very large and one for a very small amount, but both are instructive.
BDC Fixed Income prices surprise the BDC Reporter in the first few days of the new year. Plus, a BDC taps the unsecured market for the first time.
Capitala Finance – after the close on the last day of 2019 – announced the possibility of raising up to $50.0mn in new equity by issuing shares. We review the details; the possible reason for this move and the likely consequences in 2020.
Here’s the final BDC Fixed Income Market Recap for 2019. Given that prices have barely budged this week, we principally look back at the highlights of the year.
We are back with the common stocks market recap just as the BDC sector ends November on a high note. Is BDC market enthusiasm justified by the recent fundamentals ?
We cannot tell a lie: the week ended November 1 was uneventful where BDC Fixed Income prices and news were concerned. We illustrate with numerous examples, and make some predictions for what to expect.
First week of BDC earnings season and the sector moved up in price, but so did the broader indices. We review our regular metrics and several BDC winners and losers from a price standpoint and identify who might move markets in the weeks ahead.
We review price developments and new issuance in the BDC Fixed Income segment for the week ended October 25, 2019.
The major indices and BDC sector prices are all moved together in the week ended October 25, 2019. We discuss market conditions and the most important development of the week: New Mountain Finance’s equity raise.
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.
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.
While the broad stock market indices moved wildly up and down this last week, BDC Fixed Income prices did not. We discuss what did happen and review the latest developments in this still thriving corner of the Fixed Income market.
A publicly traded BDC portfolio company is dropping in price and impacting the fair market value of three listed-BDCs for a second quarter in a row.
As we do every week, we discuss price trends overall and for select BDCs where publicly traded unsecured debt is concerned. Plus, we review several major capital markets developments that occurred in the week, with the promise of more to come.
BDC Fixed Income prices continue to enjoy an Indian Summer price-wise, but there are very few news developments to discuss. Prices are not expected to change much in the near future but the news flow should.