The Scotia new issue, announced March 21, closed its first day of trading at 24.87-89, on heavy volume of 724,590 shares. There was a tight trading range, 24.85-92.
Updated comparatives are:
| Scotia Bank 4.45% Perp New Issue & Comparatives | |||
| Data | BNS.PR.M | BNS.PR.L | RY.PR.E |
| Price due to base-rate | 22.52 | 22.43 | 22.64 |
| Price due to short-term | -0.25 | -0.25 | -0.25 |
| Price due to long-term | 1.39 | 1.39 | 1.39 |
| Price to to Cumulative Dividends | 0.00 | 0.00 | 0.00 |
| Price due to Liquidity | 1.71 | 1.71 | 1.72 |
| Price due to error | -0.07 | -0.07 | -0.07 |
| Curve Price (Taxable Curve) | 25.30 | 25.22 | 25.43 |
| Dividend Rate | $1.125 | $1.125 | $1.125 |
| Quote 4/5 | 24.87-89 | 24.97-98 | 25.15-23 |
| YTW (at bid, after tax) | 3.61% | 3.58% | 3.60% |
| YTW Date | Infinite | 2016-5-27 / Infinite | Infinite |
| Credit Rating (DBRS) | Pfd-1 | Pfd-1 | Pfd-1 |
| YTW (Pre-Tax) | 4.54% | 4.50% | 4.51% |
| YTW Modified Duration (Pre-Tax) | 16.36 | 16.46 | 16.24 |
| YTW Pseudo-Convexity (Pre-Tax) | -35.01 | -63.28 | -51.92 |
Update: The issue has been added to the HIMIPref&trade database with the securityCode A41010, replacing the preIssue code of P50012. A reorgDataEntry has been added to the system.
The issue has been added to the HIMIPref™ PerpetualDiscount Index.
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