{"id":242,"date":"2006-11-01T18:01:48","date_gmt":"2006-11-01T22:01:48","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=242"},"modified":"2006-11-01T18:01:48","modified_gmt":"2006-11-01T22:01:48","slug":"ryprc-off-to-a-fine-start","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=242","title":{"rendered":"RY.PR.C Off to a Fine Start!"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.prefblog.com\/?p=197\">new Royal Bank 4.6% perpetuals<\/a> were off to a good start today, trading 239,875 shares in a range of 25.15-25 to close at $25.16-18, 3&#215;13.<\/p>\n<p>The reorg entry has been processed on HIMIPref\u2122: the pre-issue code was P50006, the new security code is A45012.<\/p>\n<p>I&#8217;ll update this post with\u00a0some\u00a0comments about valuation when I update HIMIPref\u2122 with today&#8217;s closing quotations later tonight.<\/p>\n<p><strong>Update<\/strong> : The issue still looks attractive at the closing quotation. Consider the YTWs of the other Royal Perpetual issues that are outstanding (except for the <a href=\"http:\/\/www.prefblog.com\/?p=180\">soon to be redeemed<\/a> RY.PR.O:<\/p>\n<div align=\"center\">\n<table>\n<tr>\n<td>Issue<\/td>\n<td>Pre-tax YTW<\/td>\n<td>Quote<\/td>\n<td>&#8220;Taxable Curve&#8221; Price<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.A<\/td>\n<td>4.47%<\/td>\n<td>24.84-91<\/td>\n<td>24.97<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.B<\/td>\n<td>4.30%<\/td>\n<td>25.70-75<\/td>\n<td>25.83<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.C<\/td>\n<td>4.54%<\/td>\n<td>25.16-18<\/td>\n<td>25.59<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.W<\/td>\n<td>4.07%<\/td>\n<td>26.27-55<\/td>\n<td>25.89<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>So, it&#8217;s my guess there&#8217;s still a little value left in this issue!\n<\/p>\n<p><!--4891f88b4798ddec4488cb1359d2113e--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new Royal Bank 4.6% perpetuals were off to a good start today, trading 239,875 shares in a range of 25.15-25 to close at $25.16-18, 3&#215;13. The reorg entry has been processed on HIMIPref\u2122: the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,13],"tags":[],"class_list":["post-242","post","type-post","status-publish","format-standard","hentry","category-data-fixes","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/242","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=242"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/242\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}