{"id":2056,"date":"2008-04-16T21:51:34","date_gmt":"2008-04-17T01:51:34","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2056"},"modified":"2008-04-16T21:51:34","modified_gmt":"2008-04-17T01:51:34","slug":"naprm-settles-slightly-below-par","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2056","title":{"rendered":"NA.PR.M Settles Slightly Below Par"},"content":{"rendered":"<p>The new issue of National Bank 6.00% Perpetuals, <a href=\"http:\/\/www.prefblog.com\/?p=1995\">announced March 31<\/a> and reported to have experienced <a href=\"http:\/\/www.prefblog.com\/?p=2021\">brisk demand<\/a> settled today, trading 412,080 shares in a range of 24.80-95, closing at 24.86-93, 10&#215;25.<\/p>\n<p>I have not seen an announcement regarding the greenshoe, but this is exercisable for 30 days after closing. The TSX website reflects the advertised 6-million-share ($150-million) size of the offering.<\/p>\n<p>Comparables at the close are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td colspan=\"5\">NA.PR.M and Comparables, 4\/16<\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Quote<\/td>\n<td>Dividend<\/td>\n<td>YTW<\/td>\n<td>CurvePrice<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.K<\/td>\n<td>24.66-78<\/td>\n<td>1.4625<\/td>\n<td>5.93%<\/td>\n<td>24.82<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.L<\/td>\n<td>20.92-30<\/td>\n<td>1.2125<\/td>\n<td>5.80%<\/td>\n<td>21.66<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.M<\/td>\n<td>24.86-93<\/td>\n<td>1.50<\/td>\n<td>6.07%<\/td>\n<td>25.44<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.L<\/td>\n<td>24.75-77<\/td>\n<td>1.45<\/td>\n<td>5.91%<\/td>\n<td>25.33<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The new issue of National Bank 6.00% Perpetuals, announced March 31 and reported to have experienced brisk demand settled today, trading 412,080 shares in a range of 24.80-95, closing at 24.86-93, 10&#215;25. I have not &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-2056","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2056"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2056\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}