Canadian Imperial Bank of Commerce has announced: its intention to redeem all of its issued and outstanding Non-cumulative Rate Reset Class A Preferred Shares Series 41 (Non-viability contingent capital (NVCC)) (Series 41 shares) (TSX: CM.PR.P), …
Category: Issue Comments
Moody’s Downgrades TD to Baa2(hyb)
Moody’s Ratings has announced (on 2024-10-23) that it: has today downgraded the long-term ratings and assessments of The Toronto-Dominion Bank (TD), including its Baseline Credit Assessment (BCA) to a2 from a1, its long-term Counterparty Risk …
BMO.PR.W To Be Redeemed
Bank of Montreal has announced: its intention to redeem all of its 12,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 31 (Non-Viability Contingent Capital (NVCC)) (the “Preferred Shares Series 31”) (TSX: BMO.PR.W) …
TD.PF.A To Reset To 4.97%
The Toronto-Dominion Bank has announced: the applicable dividend rates for its Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 1 (Non-Viability Contingent Capital (NVCC)) (the “Series 1 Shares”) and Non-Cumulative Floating Rate Class …
TD.PF.A To Be Extended
The Toronto-Dominion Bank has announced (press release dated 2024-09-23): that it does not intend to exercise its right to redeem all or any part of the currently outstanding 20,000,000 Non-Cumulative 5-Year Rate Reset Class A …
BMO.PR.T To Be Redeemed
Bank of Montreal has announced: its intention to redeem all of its 16,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 29 (Non-Viability Contingent Capital (NVCC)) (the “Preferred Shares Series 29”) for an …
BMO Issues LRCNs: BMO.PR.T To Be Redeemed, Maybe?
Bank of Montreal has announced (bolding added): the pricing of USD 750 million of non-viability contingent capital (“NVCC”) Additional Tier 1 (AT1) Limited Recourse Capital Notes, Series 5 (the “LRCNs”). The LRCNs will bear interest …
EQB To Issue LRCNs? Implications for EQB.PR.C Unclear
Come one, come all! No bank too small! DBRS has announced that it: assigned provisional credit ratings of BB to EQB Inc.’s (EQB or the Group) Limited Recourse Capital Notes (Capital Notes) and Pfd-3 (low) …
TD.PF.M To Be Redeemed
The Toronto-Dominion Bank has announced: that it will exercise its right to redeem all of its 18,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 24 (Non-Viability Contingent Capital) (the “Series 24 …
TD.PF.B To Be Redeemed
The Toronto-Dominion Bank has announced: that it will exercise its right to redeem all of its 20,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 3 (Non-Viability Contingent Capital) (the “Series 3 …