RAIT Senior Notes Now Trading
By: Tim McPartland,
August 22, 2014 10:35 am
Reader shadetreethinker has reminded us that the new RAIT Senior Notes are new trading on the NYSE under the ticker RFTA. The coupon on the issue is 7.125% and it is now trading at $24.80.
While RAIT is not a quality issue it does have short duration (5 years) and this makes it an interest to us. We may buy a small position to continue our move toward short durations.
We wrote on this issue here and further details are linked on this page.