{"id":29883,"date":"2015-07-22T19:44:41","date_gmt":"2015-07-23T00:44:41","guid":{"rendered":"http:\/\/prefblog.com\/?p=29883"},"modified":"2015-07-22T19:44:41","modified_gmt":"2015-07-23T00:44:41","slug":"ry-pr-o-weak-on-light-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=29883","title":{"rendered":"RY.PR.O Weak On Light Volume"},"content":{"rendered":"<p>Royal Bank of Canada <a href=\"http:\/\/www.rbc.com\/newsroom\/news\/2015\/20150722-nvcc.html\">has announced<\/a>:<\/p>\n<blockquote><p>it has closed its domestic public offering of Non-Cumulative, Preferred Shares Series BI. Royal Bank of Canada issued 6 million Preferred Shares Series BI at a price of $25 per share to raise gross proceeds of $150 million.<\/p>\n<p>The offering was underwritten by a syndicate led by RBC Capital Markets. The Preferred Shares Series BI will commence trading on the Toronto Stock Exchange today under the ticker symbol RY.PR.O.<\/p>\n<p>The Preferred Shares Series BI were issued under a prospectus supplement dated July 16, 2015 to the bank\u2019s short form base shelf prospectus dated December 20, 2013.<\/p><\/blockquote>\n<p>RY.PR.O is a NVCC-compliant Straight Perpetual paying 4.90%, <a href=\"http:\/\/prefblog.com\/?p=29779\">announced July 14<\/a>. It will be tracked by HIMIPref&trade; and has been assigned to the PerpetualDiscounts subindex.<\/p>\n<p>The issue traded 254,478 shares today (consolidated exchanges) in a range of 24.52-65 before closing at 24.57-60. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>RY.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-07-22<br \/>\nMaturity Price  : 24.20<br \/>\nEvaluated at bid price : 24.57<br \/>\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>The performance of this issue is actually worse than it looks, since the HIMIPref&trade; PerpetualDiscounts index is up 1.23% since <a href=\"http:\/\/prefblog.com\/?p=29776\">July 14<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Royal Bank of Canada has announced: it has closed its domestic public offering of Non-Cumulative, Preferred Shares Series BI. Royal Bank of Canada issued 6 million Preferred Shares Series BI at a price of $25 &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-29883","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/29883","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=29883"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/29883\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}