BMO.PR.P, the new FixedReset 5.40%+241 announced last week, settled today and traded 889,295 shares in a range of 25.05-19 before closing at 25.09-12, 10×18.
The deal size was 14-million shares (=$350-million) with a 2-million share (=$50-million) greenshoe. It is not clear whether or not the greenshoe has been exercised.
Vital statistics are:
Maturity Type : Limit Maturity
Maturity Date : 2039-06-19
Maturity Price : 23.15
Evaluated at bid price : 25.09
Bid-YTW : 5.07 %
BMO.PR.P has been added to the HIMIPref™ FixedResets subindex.