Carlyle Secured Lending: Call Risk Makes Baby Bonds Less Appealing
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Carlyle Secured Lending's baby bonds face increased call risk, leading to a sell recommendation despite solid company performance. The bond price exceeding $26 and potential call in December 2025 reduce the effective annualized return.
January 20, 2025 | 4:00 pm
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NEGATIVE IMPACT
Carlyle Secured Lending's baby bonds, CGBDL, face increased call risk, leading to a sell recommendation. The bond price exceeding $26 and potential call in December 2025 reduce the effective annualized return.
The increased call risk for CGBDL bonds, along with the bond price exceeding $26, makes them less appealing. The potential call in December 2025 reduces the effective annualized return, prompting a sell recommendation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100