{"id":22650,"date":"2013-08-01T00:57:41","date_gmt":"2013-08-01T04:57:41","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=22650"},"modified":"2013-08-01T00:57:41","modified_gmt":"2013-08-01T04:57:41","slug":"td-pr-t-big-premium-on-debut","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=22650","title":{"rendered":"TD.PR.T: Big Premium On Debut"},"content":{"rendered":"<p>TD.PR.T, the FloatingReset part of the TD.PR.S \/ TD.PR.T <a href=\"http:\/\/www.prefblog.com\/?p=1378\">Strong Pair<\/a>, commenced trading today and closed at a very impressive 25.47-55, 33&#215;2, after trading 9,400 shares in a range of 25.50-65.<\/p>\n<p>This compares with TD.PR.S, the FixedReset, closing at  24.60-74, 70&#215;1, after trading 2,223 shares in a range of 24.53-73.<\/p>\n<p>According to the &#8220;Quick Method&#8221; of the updated <a href=\"http:\/\/www.prefblog.com\/?p=11288\">Pair Equivalency Calculator<\/a>, this implies that the break-even 3-Month Bill rate is 2.59%.<\/p>\n<p>Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>TD.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.60<br \/>\nBid-YTW : 3.59 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2013-09-29<br \/>\nMaturity Price  : 25.50<br \/>\nEvaluated at bid price : 25.47<br \/>\nBid-YTW : 0.72 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Both issues are tracked by HIMIPref&trade; and both are assigned to the FixedReset subindex; TD.PR.T will be assigned to a new FloatingReset index as soon as enough of these issues are outstanding to make such and index meaningful. As announced by TD Bank and reported on PrefBlog, <a href=\"http:\/\/www.prefblog.com\/?p=22566\">slightly more TD.PR.S shares are outstanding<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TD.PR.T, the FloatingReset part of the TD.PR.S \/ TD.PR.T Strong Pair, commenced trading today and closed at a very impressive 25.47-55, 33&#215;2, after trading 9,400 shares in a range of 25.50-65. This compares with TD.PR.S, &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-22650","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22650","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=22650"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22650\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}