BNS.PR.F is a FloatingReset, Bills+134bp, resulting from the 32% conversion from BNS.PR.Z, which has reset at 2.063%. The issue will be tracked by HIMIPref™ and has been assigned to the FloatingReset subindex. The two issues constitute a Strong Pair.
The issue traded 200 shares today in a range of 18.20-51 and closed at 17.72-20, 1×1.
Vital statistics are:
BNS.PR.F | FloatingReset | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.72 Bid-YTW : 8.03 % |
Sorry to ask, but does that make BNS.PR.F non NVCC, and hence a deemed retractable?
Yes. NVCC compliance doesn’t materialize out of thin air.