I understand that Enbridge Inc. has issued US$1 bil 5.75% hybrid ser 2020-A due 07/15/2080; the prospectus is available on EDGAR. It will be noted that I am permitted to link directly to this prospectus, …
Search Results for: performance
July 8, 2020
PerpetualDiscounts now yield 5.76%, equivalent to 7.49% interest at the standard equivalency factor of 1.3x. Long corporates now yield 2.98%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) has widened to 450bp …
July 7, 2020
Great-West Lifeco Inc. has announced: that it has entered into an agreement with a syndicate of agents co-led by RBC Capital Markets, BMO Capital Markets and Scotiabank for the sale on an agency basis of …
July 6, 2020
I missed this earlier, but Scotiabank issued US$1,250,000,000 of 4.900% Fixed Rate Resetting Perpetual Subordinated Additional Tier 1 Capital Notes (Non-Viability Contingent Capital (NVCC)) closing on 2020-6-4: The US$1,250,000,000 aggregate principal amount of 4.900% Fixed …
MAPF Portfolio Composition : June 2020
Turnover declined in June to 10%. The fund’s trading will probably be higher in the future than has been normal for the past several years, since the extreme segmentation in the marketplace that I complained …
July 3, 2020
Click for Big TXPR closed at 531.65, down 0.54% on the day. Volume today was 738,545, the lowest of the past thirty days and far less than second-lowest June 30. CPD closed at 10.67, up …
July 2, 2020
Click for Big TXPR closed at 534.55, up 0.77% on the day. Volume today was 1.82-million, about the median of the past thirty days. CPD closed at 10.65, up 0.95% on the day. Volume was …
June 30, 2020
Fitch downgraded Alberta: Alberta’s credit rating was downgraded Tuesday, hours after the province released a multibillion-dollar economic recovery plan in an attempt to climb out of the economic wreckage caused by the COVID-19 pandemic and …
June 29, 2020
GWO is making a major investment in US wealth management: Canadian insurer Great-West Lifeco Inc. is boosting its presence in the United States and broadening its retail wealth management with the US$1-billion purchase of Personal …
June 26, 2020
Click for Big TXPR closed at 528.61, down 0.55% on the day. Volume today was 1.49-million, near the lows of the past thirty days. CPD closed at 10.525, down 0.43% on the day. Volume was …