{"id":48123,"date":"2017-02-14T11:15:00","date_gmt":"2017-02-14T16:15:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48123"},"modified":"2025-07-10T11:16:02","modified_gmt":"2025-07-10T15:16:02","slug":"february-14-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48123","title":{"rendered":"February 14, 2017"},"content":{"rendered":"

Wow. Toshiba might be going down<\/a>:<\/p>\n

The chaos at Toshiba, the Japanese corporate giant, deepened Tuesday, with its chairman resigning and the company saying it would book a $6.3 billion loss related to its U.S. nuclear business.
…<\/b>
Then, after the stock market had closed, Toshiba said that it would take a $6.3 billion hit related to Westinghouse\u2019s acquisition in December of Stone & Webster, a nuclear construction business, from Chicago Bridge & Iron in December.
…<\/b>
Analysts are now speculating about the possibility that Toshiba, which employs almost 200,000 people in Japan and has significant investments in the United States, will have to file for bankruptcy.
…<\/b>
Toshiba, which bought a majority stake in Pennsylvania-based nuclear power company Westinghouse in 2006, earlier said that it had received internal information late last month about irregularities during the acquisition. It had learned that controls at Westinghouse had been \u201cinsufficient\u201d and that the company had used \u201cinappropriate pressure\u201d to make the acquisition.<\/p>\n

\u201cWe concluded on Monday afternoon that we need further research on the internal reporting .\u2009.\u2009. and its impact on financial results,\u201d the company said in a statement, adding that its lawyers and an independent auditing firm were still poring over the details.<\/p>\n<\/blockquote>\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>\n0.3798 %<\/td>\n2,006.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3798 %<\/td>\n3,681.6<\/td>\n<\/tr>\n
Floater<\/td>\n3.76 %<\/td>\n3.95 %<\/td>\n48,314<\/td>\n17.49<\/td>\n4<\/td>\n0.3798 %<\/td>\n2,121.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0588 %<\/td>\n2,972.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.70 %<\/td>\n4.17 %<\/td>\n58,127<\/td>\n0.79<\/td>\n4<\/td>\n0.0588 %<\/td>\n3,549.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0588 %<\/td>\n2,769.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.43 %<\/td>\n-1.72 %<\/td>\n70,961<\/td>\n0.09<\/td>\n16<\/td>\n0.0489 %<\/td>\n2,730.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.16 %<\/td>\n5.14 %<\/td>\n104,046<\/td>\n15.08<\/td>\n22<\/td>\n-0.0146 %<\/td>\n2,915.3<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.50 %<\/td>\n4.16 %<\/td>\n216,553<\/td>\n6.73<\/td>\n97<\/td>\n-0.2478 %<\/td>\n2,288.9<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.03 %<\/td>\n0.45 %<\/td>\n133,450<\/td>\n0.13<\/td>\n31<\/td>\n-0.1015 %<\/td>\n2,838.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.49 %<\/td>\n3.20 %<\/td>\n45,810<\/td>\n4.68<\/td>\n9<\/td>\n-0.0054 %<\/td>\n2,449.4<\/td>\n<\/tr>\n<\/table>\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.PF.E<\/td>\nFixedReset<\/td>\n-1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-02-14
\nMaturity Price : 21.88
\nEvaluated at bid price : 22.19
\nBid-YTW : 4.28 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 15.04
\nBid-YTW : 9.62 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-02-14
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-02-14
\nMaturity Price : 22.66
\nEvaluated at bid price : 23.05
\nBid-YTW : 4.41 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-02-14
\nMaturity Price : 22.78
\nEvaluated at bid price : 23.51
\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-02-14
\nMaturity Price : 22.13
\nEvaluated at bid price : 22.63
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset<\/td>\n1.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-02-14
\nMaturity Price : 15.18
\nEvaluated at bid price : 15.18
\nBid-YTW : 4.55 %<\/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
IFC.PR.C<\/td>\nFixedReset<\/td>\n102,439<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.44
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset<\/td>\n81,454<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.18
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetual-Discount<\/td>\n75,435<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-03-16
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 3.29 %<\/td>\n<\/tr>\n
IAG.PR.G<\/td>\nFixedReset<\/td>\n74,139<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.97
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
BIP.PR.D<\/td>\nFixedReset<\/td>\n52,691<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-02-14
\nMaturity Price : 23.18
\nEvaluated at bid price : 25.09
\nBid-YTW : 4.92 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset<\/td>\n49,340<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-02-14
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.75
\nBid-YTW : 4.37 %<\/td>\n<\/tr>\n
There were 35 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
TRP.PR.H<\/td>\nFloatingReset<\/td>\nQuote: 13.12 – 13.45
\nSpot Rate : 0.3300
\nAverage : 0.2492<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-02-14
\nMaturity Price : 13.12
\nEvaluated at bid price : 13.12
\nBid-YTW : 3.36 %<\/td>\n<\/tr>\n

RY.PR.P<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.61 – 25.85
\nSpot Rate : 0.2400
\nAverage : 0.1642<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.61
\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n

HSE.PR.C<\/td>\nFixedReset<\/td>\nQuote: 22.95 – 23.17
\nSpot Rate : 0.2200
\nAverage : 0.1447<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-02-14
\nMaturity Price : 22.42
\nEvaluated at bid price : 22.95
\nBid-YTW : 4.67 %<\/td>\n<\/tr>\n

TRP.PR.F<\/td>\nFloatingReset<\/td>\nQuote: 16.71 – 17.05
\nSpot Rate : 0.3400
\nAverage : 0.2669<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-02-14
\nMaturity Price : 16.71
\nEvaluated at bid price : 16.71
\nBid-YTW : 3.61 %<\/td>\n<\/tr>\n

W.PR.K<\/td>\nFixedReset<\/td>\nQuote: 25.80 – 26.05
\nSpot Rate : 0.2500
\nAverage : 0.1784<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-01-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.80
\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n

PVS.PR.E<\/td>\nSplitShare<\/td>\nQuote: 26.30 – 26.54
\nSpot Rate : 0.2400
\nAverage : 0.1749<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-03-16
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.30
\nBid-YTW : 3.63 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Wow. Toshiba might be going down: The chaos at Toshiba, the Japanese corporate giant, deepened Tuesday, with its chairman resigning and the company saying it would book a $6.3 billion loss related to its U.S. …<\/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-48123","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48123","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=48123"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48123\/revisions"}],"predecessor-version":[{"id":48124,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48123\/revisions\/48124"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}