Prospect Capital Junk-Bond Sale Comes With 8% Yield Whisper
Prospect Capital Corp. is discussing a yield of about 8% on its first junk-bond offering since 2021, underscoring the rising costs of funding for private-credit funds.
READ NEXT
More on the wire
FROM THE PUBLISHER
The Supreme Court on Friday blocked a directive for Missouri Republicans to use their favored congressional map, again, making clear to officials they must return to an old design for November after the state’s messy redistricting battle. The decision is a blow for the GOP, which fought to use a more favorable 7-1 House map...
FROM THE PUBLISHER
The ruling is a defeat for Republicans seeking to give their party an edge in the midterm elections for control of the House. It means voters will face a different map than the one used in the primary elections.
FROM THE PUBLISHER
The Imagination Library was inspired by Parton's father, who could not read or write.