BMO’s new issue of Fixed-Reset 6.50%+383 announced November 25 closed today without incident.
Volume was good at 343,071 shares in a range of 24.86-05. The closing quote was 25.00-01, 44×10.
The issue was relatively small, only $150-million, but there was a greenshoe for $100-million. I am unable to determine whether any of the greenshoe was exercised.
The issue is tracked by HIMIPref™ and has been added to the Fixed-Reset Index.
Update, 2009-6-9: The TSX reports six million shares outstanding; therefore the greenshoe was not exercised.