{"id":40304,"date":"2020-02-21T01:26:05","date_gmt":"2020-02-21T06:26:05","guid":{"rendered":"http:\/\/prefblog.com\/?p=40304"},"modified":"2020-02-21T01:26:05","modified_gmt":"2020-02-21T06:26:05","slug":"february-20-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40304","title":{"rendered":"February 20, 2020"},"content":{"rendered":"

There was something of a mysterious announcement from DBRS today<\/a>:<\/p>\n

DBRS Limited (DBRS Morningstar) assigned a provisional rating of BBB (low) with a Stable trend to Brookfield Renewable Partners L.P.\u2019s (BEP) up to USD 200 million Class A Preferred Limited Partnership Units (U.S.), Series 17 (the Series 17 Preferred Units).<\/p><\/blockquote>\n

Series 17 units aren’t mentioned on the company’s website<\/a> or on Globe Newswire<\/a>. Is there an announcement planned for the near future?<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.0454 %<\/td>\n2,052.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.0454 %<\/td>\n3,765.5<\/td>\n<\/tr>\n
Floater<\/td>\n5.96 %<\/td>\n6.13 %<\/td>\n49,812<\/td>\n13.63<\/td>\n4<\/td>\n-1.0454 %<\/td>\n2,170.1<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0459 %<\/td>\n3,491.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.75 %<\/td>\n3.98 %<\/td>\n42,079<\/td>\n3.65<\/td>\n6<\/td>\n0.0459 %<\/td>\n4,169.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0459 %<\/td>\n3,253.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.54 %<\/td>\n0.22 %<\/td>\n56,234<\/td>\n0.09<\/td>\n12<\/td>\n0.0459 %<\/td>\n3,075.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.17 %<\/td>\n5.20 %<\/td>\n69,206<\/td>\n14.97<\/td>\n24<\/td>\n-0.1743 %<\/td>\n3,377.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.49 %<\/td>\n5.41 %<\/td>\n172,273<\/td>\n14.75<\/td>\n64<\/td>\n0.0008 %<\/td>\n2,184.0<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.08 %<\/td>\n5.18 %<\/td>\n73,718<\/td>\n14.93<\/td>\n27<\/td>\n0.0461 %<\/td>\n3,289.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.98 %<\/td>\n6.06 %<\/td>\n58,901<\/td>\n13.80<\/td>\n3<\/td>\n0.2183 %<\/td>\n2,560.5<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.07 %<\/td>\n3.40 %<\/td>\n135,089<\/td>\n1.42<\/td>\n22<\/td>\n0.0638 %<\/td>\n2,663.4<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.93 %<\/td>\n3.44 %<\/td>\n77,807<\/td>\n1.89<\/td>\n3<\/td>\n-0.0949 %<\/td>\n2,752.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.31 %<\/td>\n5.39 %<\/td>\n104,531<\/td>\n14.66<\/td>\n22<\/td>\n0.2776 %<\/td>\n2,208.1<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-3.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 11.12
\nEvaluated at bid price : 11.12
\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n
EMA.PR.E<\/td>\nPerpetual-Discount<\/td>\n-3.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 21.82
\nEvaluated at bid price : 21.82
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n-1.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 11.44
\nEvaluated at bid price : 11.44
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
BAM.PF.J<\/td>\nFixedReset Prem<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 23.40
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.72 %<\/td>\n<\/tr>\n
EMA.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 18.20
\nEvaluated at bid price : 18.20
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
EMA.PR.F<\/td>\nFixedReset Disc<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 17.93
\nEvaluated at bid price : 17.93
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
BIK.PR.A<\/td>\nFixedReset Prem<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.42
\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 16.58
\nEvaluated at bid price : 16.58
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n1.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 18.10
\nEvaluated at bid price : 18.10
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n84,967<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
PVS.PR.D<\/td>\nSplitShare<\/td>\n84,500<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2021-10-08
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.33
\nBid-YTW : 3.55 %<\/td>\n<\/tr>\n
BNS.PR.Z<\/td>\nFixedReset Bank Non<\/td>\n73,625<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.51
\nBid-YTW : 3.53 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n69,122<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 17.45
\nEvaluated at bid price : 17.45
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nPerpetual-Premium<\/td>\n65,240<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.17
\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n59,615<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 22.25
\nEvaluated at bid price : 22.83
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
There were 30 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.15 – 19.00
\nSpot Rate : 0.8500
\nAverage : 0.4639<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 18.15
\nEvaluated at bid price : 18.15
\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n

MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\nQuote: 12.70 – 13.46
\nSpot Rate : 0.7600
\nAverage : 0.4850<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 12.70
\nEvaluated at bid price : 12.70
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n

BAM.PF.J<\/td>\nFixedReset Prem<\/td>\nQuote: 25.00 – 25.40
\nSpot Rate : 0.4000
\nAverage : 0.2361<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 23.40
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.72 %<\/td>\n<\/tr>\n

BAM.PR.K<\/td>\nFloater<\/td>\nQuote: 11.12 – 11.61
\nSpot Rate : 0.4900
\nAverage : 0.3423<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 11.12
\nEvaluated at bid price : 11.12
\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.00 – 22.50
\nSpot Rate : 0.5000
\nAverage : 0.3562<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 22.00
\nEvaluated at bid price : 22.00
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n

TRP.PR.B<\/td>\nFixedReset Disc<\/td>\nQuote: 11.44 – 12.00
\nSpot Rate : 0.5600
\nAverage : 0.4262<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-20
\nMaturity Price : 11.44
\nEvaluated at bid price : 11.44
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

There was something of a mysterious announcement from DBRS today: DBRS Limited (DBRS Morningstar) assigned a provisional rating of BBB (low) with a Stable trend to Brookfield Renewable Partners L.P.\u2019s (BEP) up to USD 200 …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-40304","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40304","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=40304"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40304\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}