RY.PR.T Not Treated Like Royalty on First Day

The new Royal Bank Fixed-Reset, 6.25%+406 announced February 26 was soft on its opening day.

It traded 361,200 shares in a range of 24.70-82 before closing at 24.76-77, 10×214.

As is its wont, Royal has not announced the take-up, or lack thereof, of the greenshoe option.

Update, 2009-3-12: There are 11-million shares outstanding according to the TSX; announced size was 8-million + 3-million greenshoe; therefore the greenshoe was fully exercised.

This entry was posted on Monday, March 9th, 2009 at 7:00 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “RY.PR.T Not Treated Like Royalty on First Day”

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