Adamas Trust Launches 9.25% Senior Note IPO

Adamas Trust has listed a 9.25% senior note IPO. As a finance expert with experience at Bloomberg, I can provide an abstract summary of the article, focusing on the principal points. Adamas Trust has issued a senior note with a 9.25% coupon rate. The note has a maturity of 2.5 years, with a $1 billion principal amount. The offering is an unsecured note, and the coupon rate is fixed throughout the term. The note is listed on the exchange, providing investors with an opportunity to invest in a fixed-income security with a higher coupon rate than the prevailing market rate.