{"id":5972,"date":"2009-03-20T20:34:02","date_gmt":"2009-03-21T00:34:02","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=5972"},"modified":"2009-03-20T20:34:02","modified_gmt":"2009-03-21T00:34:02","slug":"bmopro-settles-at-premium-on-heavy-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=5972","title":{"rendered":"BMO.PR.O Settles at Premium on Heavy Volume"},"content":{"rendered":"<p>BMO.PR.O, the 6.50%+458 Fixed-Reset <a href=\"http:\/\/www.prefblog.com\/?p=5836\">announced on March 11<\/a> has settled successfully, trading 550,271 shares in a range of 24.90-20 before closing at 25.15-20, 8&#215;50.<\/p>\n<p>Issue size was $150-million plus a greenshoe for $75-million. No announcement has yet been made regarding take-up of the underwriters&#8217; option; but with such heavy volume I&#8217;ll bet a nickel it was exercised in full.<\/p>\n<p>Five-Year Canadas have come in considerably since the announcement and are now at 1.58%. This means that the yield-to-Perpetuity of the issue is now a more modest than expected 6.27%, based on a bid of 25.15 and a limitMaturity price of 25.10.<\/p>\n<p>This issue has been added to the HIMIPref&trade; Fixed-Reset sub-index.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BMO.PR.O, the 6.50%+458 Fixed-Reset announced on March 11 has settled successfully, trading 550,271 shares in a range of 24.90-20 before closing at 25.15-20, 8&#215;50. Issue size was $150-million plus a greenshoe for $75-million. No announcement &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-5972","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5972","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=5972"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5972\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}