{"id":395,"date":"2006-12-13T21:41:54","date_gmt":"2006-12-14T01:41:54","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=395"},"modified":"2006-12-13T21:41:54","modified_gmt":"2006-12-14T01:41:54","slug":"a-solid-start-for-ryprd","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=395","title":{"rendered":"A Solid Start for RY.PR.D"},"content":{"rendered":"

The Royal Bank new issue<\/a> got off to a solid start today, trading 249,115 shares and closing above the issue price at 25.10-11, 84×10.<\/p>\n

Comparables after the first day, with changes from the\u00a0announcement date in brackets,\u00a0are:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Royal Bank Perpetuals\u00a0\u00a0\u00a0\u00a0<\/p>\n

Analysis Using AFTER-TAX Curve<\/em><\/strong> (except as noted)<\/td>\n<\/tr>\n

Curve price Component<\/td>\nRY.PR.A<\/strong><\/td>\nRY.PR.B<\/strong><\/td>\nRY.PR.C<\/strong><\/td>\nRY.PR.W<\/strong><\/td>\nRY.PR.D<\/strong><\/td>\n<\/tr>\n
Price due to base-rate<\/td>\n23.07
\n(-0.05)<\/td>\n		23.87
\n(-0.04)<\/td>\n		23.65
\n(-0.04)<\/td>\n		24.41
\n(-0.03)<\/td>\n		23.24
\n(-0.05)<\/td>\n<\/tr>\n
Price due to short-term<\/td>\n0.04
\nUnch<\/td>\n		0.04
\n(-0.01)<\/td>\n		0.04
\n(-0.01)<\/td>\n		0.04
\n(Unch)<\/td>\n		0.04
\n(-0.01)<\/td>\n<\/tr>\n
Price due to long-term<\/td>\n0.61
\n(+0.05)<\/td>\n		0.63
\n(+0.04)<\/td>\n		0.62
\n(+0.05)<\/td>\n		0.66
\n(+0.05)<\/td>\n		0.62
\n(+0.08)<\/td>\n<\/tr>\n
Price to to Cumulative Dividends<\/td>\n0.00<\/td>\n0.00<\/td>\n0.00<\/td>\n0.00<\/td>\n0.00<\/td>\n<\/tr>\n
Price due to Liquidity<\/td>\n1.47
\n(+0.01)<\/td>\n		1.52
\n(+0.02)<\/td>\n		1.50
\n(+0.01)<\/td>\n		0.80
\n(+0.14)<\/td>\n		1.48
\n(-0.01?)<\/td>\n<\/tr>\n
Price due to error<\/td>\n-0.03
\n(Unch)<\/td>\n		-0.04
\n(-0.01)<\/td>\n		-0.03
\n(Unch)<\/td>\n		-0.02
\n(Unch)<\/td>\n		-0.03
\n(-0.03)<\/td>\n<\/tr>\n
CurvePrice<\/strong><\/td>\n25.16
\n(Unch)<\/td>\n		26.03
\n(+0.02)<\/td>\n		25.78
\n(+0.01)<\/td>\n		25.89
\n(+0.15)<\/td>\n		25.34
\n(-0.02)<\/td>\n<\/tr>\n
Annual Dividend<\/td>\n1.1125<\/td>\n1.1750<\/td>\n1.1500<\/td>\n1.2250<\/td>\n1.1250<\/td>\n<\/tr>\n
2006-12-13 Quote<\/td>\n25.14-20
\n(+0.14b)<\/td>\n		25.76-80
\n(-0.14b)<\/td>\n		25.51-63
\n(+0.11b)<\/td>\n		26.47-57
\n(+0.02b)<\/td>\n		25.10-11
\n(+0.10b)<\/td>\n<\/tr>\n
After<\/strong>-tax Bid YTW<\/td>\n3.52%
\n(-0.03)<\/td>\n		3.45%
\n(+0.08)<\/td>\n		3.51%
\n(-0.03)<\/td>\n		3.19%
\n(Unch)<\/td>\n		3.55%
\n(-0.03)<\/td>\n<\/tr>\n
Pre-Tax Bid YTW<\/td>\n4.43%
\n(-0.04)<\/td>\n		4.34%
\n(+0.10)<\/td>\n		4.42%
\n(-0.04)<\/td>\n		4.02%
\n(+0.01)<\/td>\n		4.47%
\n(-0.03)<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

Tax has been included in the calculation of the elements of the above table in accordance with the Ontario Highest Marginal Rate.<\/p>\n

This issue has been added to the HIMIPref\u2122 database with the securityCode<\/a> A45013, replacing the preIssue<\/a> code of P75000<\/p>\n","protected":false},"excerpt":{"rendered":"

The Royal Bank new issue got off to a solid start today, trading 249,115 shares and closing above the issue price at 25.10-11, 84×10. Comparables after the first day, with changes from the\u00a0announcement date in …<\/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-395","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\/395","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=395"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/395\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}