It was a very good opening day for RY.PR.Y, the Fixed-Reset 6.10%+413 issue announced last week that settled today.
It traded 985,152 shares in a range of 25.30-50 before closing at 25.48-49, 31×22. Vital statistics are:
| RY.PR.Y | FixedReset | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-12-24 Maturity Price : 25.00 Evaluated at bid price : 25.48 Bid-YTW : 5.73 % |
RY.PR.Y has been added to the HIMIPref™ Fixed-Reset subindex.
Update, 2009-5-1: There are 13-million shares outstanding, implying that the full revised greenshoe of 1-million shares was exercised in full.
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