TRP.PR.A, the 4.60%+192 FixedReset announced last week has settled, trading 896,387 shares in a range of 24.91-03 before closing at 24.98-00, 120×126.
I was actually a little disappointed at the volume – given that the issue was super-sized to 22-million shares, I had been hoping for a million shares trading on opening day … but it was not to be.
Vital statistics are:
|TRP.PR.A||FixedReset||Not Calc!||YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-09-30
Maturity Price : 24.93
Evaluated at bid price : 24.98
Bid-YTW : 4.50 %
TRP.PR.A is tracked by HIMIPref™. It will be placed in the FixedReset subindex for now; at some point in the future the FixedReset index will be split into FixedResetPremium and FixedResetDiscount, but I will wait until the latter putative index can be adequately populated.