{"id":28829,"date":"2015-04-27T18:55:44","date_gmt":"2015-04-27T23:55:44","guid":{"rendered":"http:\/\/prefblog.com\/?p=28829"},"modified":"2015-04-27T18:55:44","modified_gmt":"2015-04-27T23:55:44","slug":"bns-pr-d-no-surprises-on-debut","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=28829","title":{"rendered":"BNS.PR.D: No Surprises On Debut"},"content":{"rendered":"<p>As has been previously reported on PrefBlog, there was a <a href=\"http:\/\/prefblog.com\/?p=28709\">42% conversion of BNS.PR.Y into BNS.PR.D<\/a> on its first Exchange Date.<\/p>\n<p>BNS.PR.D is a <a href=\"http:\/\/prefblog.com\/?p=28445\">FloatingReset 3MoBills+100bp<\/a>. The issue traded 500 shares today (consolidated exchanges) in a range of 22.00-23.90 (!) before closing at 21.90-30.<\/p>\n<p>Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>BNS.PR.D<\/td>\n<td>FloatingReset<\/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 : 21.90<br \/>\nBid-YTW : 3.66 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>As may be seen on the Strong Pairs analysis &#8230;:<\/p>\n<div align=\"center\"><a href=\"http:\/\/prefblog.com\/wp-content\/uploads\/2015\/04\/pairs_FR_150427.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/prefblog.com\/wp-content\/uploads\/2015\/04\/pairs_FR_150427-300x222.jpg\" alt=\"pairs_FR_150427\" width=\"400\" height=\"288\" class=\"alignnone size-medium wp-image-28830\" \/><\/a><br \/><i>Click for Big<\/i><\/div>\n<p>investment grade FixedReset\/FloatingReset pairs have an average break-even three-month bill rate of about 0.20%; outliers are TRP.PR.A \/ TRP.PR.F (not shown) at -0.77%, and the BNS.PR.Y \/ BNS.PR.D pair at +0.63%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As has been previously reported on PrefBlog, there was a 42% conversion of BNS.PR.Y into BNS.PR.D on its first Exchange Date. BNS.PR.D is a FloatingReset 3MoBills+100bp. The issue traded 500 shares today (consolidated exchanges) in &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-28829","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/28829","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=28829"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/28829\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}