The new issue of National Bank 6.00% Perpetuals, announced March 31 and reported to have experienced brisk demand settled today, trading 412,080 shares in a range of 24.80-95, closing at 24.86-93, 10×25.
I have not seen an announcement regarding the greenshoe, but this is exercisable for 30 days after closing. The TSX website reflects the advertised 6-million-share ($150-million) size of the offering.
Comparables at the close are:
NA.PR.M and Comparables, 4/16 | ||||
Issue | Quote | Dividend | YTW | CurvePrice |
NA.PR.K | 24.66-78 | 1.4625 | 5.93% | 24.82 |
NA.PR.L | 20.92-30 | 1.2125 | 5.80% | 21.66 |
NA.PR.M | 24.86-93 | 1.50 | 6.07% | 25.44 |
BMO.PR.L | 24.75-77 | 1.45 | 5.91% | 25.33 |
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