NB Global Income Trust maintains asking price at open.


Neuberger Berman’s latest offering, NB Global Corporate Income Trust (NBI), has come to market today as scheduled.

The diversified portfolio of high yield bonds of large, liquid global companies wasn’t a cheap prospect, commanding a healthy $2 per share during the IPO.

We often see the market initially shy away from some of the more expensive IPOs, but investor sentiment was positive today with prices trading a touch higher at $2.02 per share.

The current Scorecard will be updated shortly to include the new arrival.