{"id":52747,"date":"2026-10-22T20:58:31","date_gmt":"2026-10-23T00:58:31","guid":{"rendered":"https:\/\/prefblog.com\/?p=52747"},"modified":"2026-10-22T21:01:09","modified_gmt":"2026-10-23T01:01:09","slug":"bn-pf-m-settles-flattish-on-ok-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52747","title":{"rendered":"BN.PF.N Settles Flattish On OK Volume"},"content":{"rendered":"<p>No press release that I can see, but BN.PF.N settled today.<\/p>\n<p>TMXMoney <a href=\"https:\/\/money.tmx.com\/en\/quote\/BN.PF.N\">indicates<\/a> that 8-million shares are outstanding which implies that the greenshoe option was exercised in full.<\/p>\n<p>The issue traded 466,010 shares (consolidated: 703,820) today in a range of 24.90-00 before closing at 24.93-95. Vital statistics are:<\/p>\n<div align=\"centre\">\n<table border=\"1\">\n<tr>\n<td>BN.PF.N<\/td>\n<td>FixedReset Disc<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-10-22<br \/>\nMaturity Price  : 23.13<br \/>\nEvaluated at bid price : 24.93<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>BN.PF.N is a FixedReset, 5.65%+215M565, <a href=\"https:\/\/prefblog.com\/?p=52722\">announced 2026-10-15<\/a>. It is interesting to compare it to BN.PF.M, which <a href=\"https:\/\/prefblog.com\/?p=51015\">closed 2025-11-26<\/a>, which is a FixedReset, 5.65%+280M565. Same initial rate, same minimum rate, but a helluva difference in Issue Reset Spread! BN.PF.M closed today at 25.45-67. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>No press release that I can see, but BN.PF.N settled today. TMXMoney indicates that 8-million shares are outstanding which implies that the greenshoe option was exercised in full. The issue traded 466,010 shares (consolidated: 703,820) &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,1],"tags":[],"class_list":["post-52747","post","type-post","status-publish","format-standard","hentry","category-issue-comments","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52747","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=52747"}],"version-history":[{"count":3,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52747\/revisions"}],"predecessor-version":[{"id":52752,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52747\/revisions\/52752"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}