The long awaited 25 year Debenture went to market for the first time in July 2018. Thanks to the extended amortization period, more small businesses will qualify for credit and more small businesses will be resilient and able to overcome cash flow challenges with reliable and predictable debt service payments. The new twenty-five year product was a great success, exceeding industry expectations with only a fourteen point spread to the twenty year product. Those results are great for those that were nimble enough to take advantage.
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