TD.PF.B, a FixedReset 3.80%+227, NVCC-compliant, announced July 22 settled today. It will be tracked by HIMIPref™ and has been assigned to the FixedReset subindex.
The issue traded 1,287,892 shares today (consolidated tape) in a range of 24.99-08 before closing at 25.07-08, 118×17.
Vital statistics are:
| TD.PF.B | FixedReset | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2044-07-31 Maturity Price : 23.18 Evaluated at bid price : 25.07 Bid-YTW : 3.63 % |
Implied Volatility indicates, as with BMO.PR.W, yesterday, the NVCC-compliant issues appear to be trading in-line with the non-compliant issues, at a very high Implied Volatility. Note that the two issues with the highest Issue Reset Spreads, TD.PR.I and TD.PR.K, were redeemed after the close.
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