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Posted by
Two Blokes Apr 24 -
Filed in
Stock
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We constantly monitor BDC-issued Baby Bonds due to the issuers' regulatory leverage limitations and attractive yields, using Moody's BDC credit rating methodology for better evaluation. Carlyle Secured Lending offers a tempting adjusted NII yield of 13.5% and adjusted expected ROE of 11.8%, but with inherent credit and interest rate risks, too. CGBDL, trading at $26.00, offers a 7.50% Yield to Maturity but a less impressive 3.51% Yield to Call, making it less attractive currently.
