Yield Hunting Part 5: Assessing Great Elm Capital's 8.9% YTM Bonds
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Great Elm Capital Corp. (GECC) offers high-yield baby bonds with an 8.9% yield, appealing to high-yield seekers despite being a risky BDC. Its portfolio includes 24% equity and short-term treasuries, contributing to its credit score. GECC's leverage structure and debt/assets ratio align with industry norms.
January 23, 2025 | 5:15 pm
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Great Elm Capital Corp. (GECC) offers high-yield baby bonds with an 8.9% yield, appealing to high-yield seekers despite being a risky BDC. Its portfolio includes 24% equity and short-term treasuries, contributing to its credit score. GECC's leverage structure and debt/assets ratio align with industry norms.
The article highlights GECC's high-yield bonds, which are attractive to investors seeking high returns. Despite being a risky BDC, its portfolio and leverage structure are in line with industry norms, which may positively influence investor sentiment and demand for its bonds.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100