EMA.PR.A is a Straight Perpetual, 4.50%, announced May 30.
The issue traded 194,975 shares today in a range of 23.28-20 (!) before closing at 23.60-65, 100×500. I assume the underwriters are taking a bath on this issue. Sadly for them, they fully exercised their greenshoe of 1-million shares, taking the issue size up to $125-million; of which about 6% has just evaporated.
EMA.PR.E will be tracked by HIMIPref™ but assigned to the Scraps index on credit concerns. Vital statistics are:
Maturity Type : Limit Maturity
Maturity Date : 2043-06-10
Maturity Price : 23.18
Evaluated at bid price : 23.60
Bid-YTW : 4.77 %