The new TD bank fixed-reset 6.25%+438 previously discussed settled today.
The original announcement was for an issue size of 8-million shares with a 3-million greenshoe; TD later announced that the greenshoe had been fully exercised and the issue size bumped, with a total of 15-million shares sold. Now that’s a selling job!
The issue traded 611,420 shares in a range of 24.80-97 before closing at 24.85-90.
The issue has been added to the HIMIPref™ Fixed-Reset Sub-Index.