{"id":32853,"date":"2016-04-01T03:52:07","date_gmt":"2016-04-01T08:52:07","guid":{"rendered":"http:\/\/prefblog.com\/?p=32853"},"modified":"2016-04-01T03:52:07","modified_gmt":"2016-04-01T08:52:07","slug":"bce-pr-n-listed-no-trades-no-quote","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32853","title":{"rendered":"BCE.PR.N Listed: No Trades, No Quote"},"content":{"rendered":"<p>BCE.PR.N was listed today without fanfare and without trading. Assiduous Readers will remember that this issue results from a <a href=\"http:\/\/prefblog.com\/?p=32774\">17% conversion from BCE.PR.M<\/a>, which <a href=\"http:\/\/prefblog.com\/?p=32718\">I recommended against<\/a>. BCE.PR.M has <a href=\"http:\/\/prefblog.com\/?p=32550\">reset at 2.764%<\/a> while BCE.PR.N will pay 3-Month Bills +209bp, reset quarterly.<\/p>\n<p>As no quote was given for this issue, I have arbitrarily assigned it a quotation of 13.65-95, equal to that of BCE.PR.M.<\/p>\n<p>Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>BCE.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-31<br \/>\nMaturity Price  : 13.65<br \/>\nEvaluated at bid price : 13.65<br \/>\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.N<\/td>\n<td>FloatingReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-31<br \/>\nMaturity Price  : 13.65<br \/>\nEvaluated at bid price : 13.65<br \/>\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BCE.PR.N was listed today without fanfare and without trading. Assiduous Readers will remember that this issue results from a 17% conversion from BCE.PR.M, which I recommended against. BCE.PR.M has reset at 2.764% while BCE.PR.N will &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-32853","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32853","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=32853"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32853\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}