TD.PR.E Settles at Premium on Heavy Volume

TD.PR.E, a Fixed-Reset 6.25%+437 issue announced January 5, closed with a quote of 25.30-33 today after trading 972,217 shares in a range of 25.06-39.

TD Bank announced on January 6 that:

a group of underwriters led by TD Securities Inc. has exercised the option to purchase an additional 3 million non-cumulative 5-Year Rate Reset Class A Preferred Shares, Series AE (the Series AE Shares) carrying a face value of $25.00 per share. This brings the total issue announced on January 5, 2009, and expected to close January 14, 2009, to 12 million shares and gross proceeds raised under the offering to $300 million.

Well! There’s lots of money around, at the right price!

TD.PR.E is tracked by HIMIPref™. It has been added to the Fixed-Reset Index.

This entry was posted on Wednesday, January 14th, 2009 at 8:39 pm 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.

2 Responses to “TD.PR.E Settles at Premium on Heavy Volume”

  1. PrefBlog » Blog Archive » January 19, 2009 says:
    January 19, 2009 at 11:08 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-01-19 Maturity Price : 25.24 Evaluated at bid price : 25.29 Bid-YTW : 6.02 % […]

  2. PrefBlog » Blog Archive » New Issue: TD Fixed-Reset 6.25%+438 says:
    January 22, 2009 at 10:48 am

    […] recent issue of TD.PR.E (Fixed Reset, 6.25%+437) was very successful … but there is a lot of competition for preferred share dollars right […]

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