Angel Oak Mortgage REIT, Inc. NT 29: Attractive Debentures With An Unnatractive Price
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Angel Oak Mortgage REIT (AOMR) offers a 9.5% fixed-rate senior note due in 2029, accessible to retail investors. The bond is investment-grade but faces credit risk tied to AOMR's performance, especially in a recessionary environment.
January 07, 2025 | 4:00 pm
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Angel Oak Mortgage REIT's 9.5% fixed-rate senior note is investment-grade but faces credit risk tied to the company's performance, particularly in a recessionary environment.
The article highlights the credit risk associated with AOMR's senior note, particularly in a recessionary environment. This could lead to increased borrower defaults and falling equity values, negatively impacting AOMR's performance and stock price.
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