Yield Hunting Part 10: 8%-Plus YTM With MidCap Financial And Its Baby Bond MFICL
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MFICL offers an 8% yield with decent credit quality, making it attractive for yield-hunting investors. Despite a less favorable debt structure, it has strong asset coverage and senior secured loans. The bond trades above par with a yield to call of 7.5% and a maturity yield of 8.06%.
February 22, 2025 | 12:00 am
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MFICL offers a high yield of 8% with decent credit quality, making it an attractive option for yield-hunting investors. The bond has strong asset coverage and senior secured loans, but a less favorable debt structure.
The bond's high yield and decent credit quality make it attractive to investors seeking yield. Its strong asset coverage and senior secured loans add to its appeal, despite a less favorable debt structure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100