BCE.PR.N was listed today without fanfare and without trading. Assiduous Readers will remember that this issue results from a 17% conversion from BCE.PR.M, which I recommended against. BCE.PR.M has reset at 2.764% while BCE.PR.N will pay 3-Month Bills +209bp, reset quarterly.
As no quote was given for this issue, I have arbitrarily assigned it a quotation of 13.65-95, equal to that of BCE.PR.M.
Vital statistics are:
| BCE.PR.M |
FixedReset |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-03-31
Maturity Price : 13.65
Evaluated at bid price : 13.65
Bid-YTW : 5.13 % |
| BCE.PR.N |
FloatingReset |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-03-31
Maturity Price : 13.65
Evaluated at bid price : 13.65
Bid-YTW : 4.66 % |
This entry was posted on Friday, April 1st, 2016 at 3:52 am and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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BCE.PR.N Listed: No Trades, No Quote
BCE.PR.N was listed today without fanfare and without trading. Assiduous Readers will remember that this issue results from a 17% conversion from BCE.PR.M, which I recommended against. BCE.PR.M has reset at 2.764% while BCE.PR.N will pay 3-Month Bills +209bp, reset quarterly.
As no quote was given for this issue, I have arbitrarily assigned it a quotation of 13.65-95, equal to that of BCE.PR.M.
Vital statistics are:
Maturity Type : Limit Maturity
Maturity Date : 2046-03-31
Maturity Price : 13.65
Evaluated at bid price : 13.65
Bid-YTW : 5.13 %
Maturity Type : Limit Maturity
Maturity Date : 2046-03-31
Maturity Price : 13.65
Evaluated at bid price : 13.65
Bid-YTW : 4.66 %
This entry was posted on Friday, April 1st, 2016 at 3:52 am 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.