S&P has announced: that the ratings, including the ‘A-‘ long-term corporate credit rating, on Montreal, Que.-based telecommunications service provider BCE Inc. and its subsidiaries will remain on CreditWatch with negative implications, where they were placed …
Search Results for: conversion
BCE.PR.G : HIMIPref™ Valuation Warning
As has been noted, BCE.PR.G is the new symbol for BC.PR.B, and there have been technical problems within HIMIPref™ over the conversion. The reorgDataRecord for this conversion has been set up with the reorgType REORG_TERMCHANGE. …
New Issue : YPG Holdings 4.25% 6-Year Retractible
Yellow Pages Income Fund (the “Fund”) (TSX:YLO.UN) announced today that its subsidiary, YPG Holdings Inc. (the “Issuer”), will be issuing 12,000,000 cumulative redeemable preferred shares, series 1 (the “Series 1 Shares”) for aggregate gross …
BBD.PR.B / BBD.PR.D Update
It’s been three months (to the day!) since I looked at this pair, so I thought I’d update the calculations. Strategy: Short BBD.PR.B, Long BBD.PR.D Item 11/14 Calculation Effect Notes Initiate Position +$1.40 +$0.90 Will …
Preferreds & Tier 1 Capital (Part 2)
In Preferreds & Tier 1 Capital (Part 1) we had a quick look at some balance sheets and at the OSFI specifications for preferred shares’ qualifications for Tier 1. I was interested enough in the …
Preferreds & Tier 1 Capital (Part I)
I had a refreshing look at some bank balance sheets today, comparing capital structures. Tier One Capital of Two Banks CIBC BMO Total Tier 1 Capital (millions) 11,935 16,641 Common Shareholders’ Equity 83.2% 86.9% …
BCE.PR.Y / BCE.PR.Z
I mentioned one half of this pairing in the January 17, 2007 report and I’ll just make things more explicit here. This pair is very similar to the BBD.PR.B / BBD.PR.D pair that has been …
January 17, 2007
Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version. In this version, index values are based at 1,000.0 on 2006-6-30 Index Mean Current Yield …
December 13, 2006
Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version Index Mean Current Yield (at bid) Mean YTW Mean Average Trading Value Mean Mod Dur …
5Banc Split New Issue
The 5Banc Split Inc. new issue has been added to the HIMIPref™ database. The anticipated closing date is 2006-12-15; it pays 4.75% as a cumulative dividend; it’s provisionally rated Pfd-2 by DBRS; and it’s a …