{"id":742,"date":"2007-04-06T08:43:51","date_gmt":"2007-04-06T12:43:51","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=742"},"modified":"2007-04-06T08:43:51","modified_gmt":"2007-04-06T12:43:51","slug":"bnsprm-arrives-at-market-slightly-discounted","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=742","title":{"rendered":"BNS.PR.M Arrives at Market Slightly Discounted"},"content":{"rendered":"

The Scotia new issue, announced March 21<\/a>, closed its first day of trading at 24.87-89, on heavy volume of 724,590 shares. There was a tight trading range, 24.85-92.<\/p>\n

Updated comparatives are:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Scotia Bank 4.45% Perp New Issue & Comparatives<\/td>\n<\/tr>\n
Data<\/td>\nBNS.PR.M<\/td>\nBNS.PR.L<\/td>\nRY.PR.E<\/td>\n<\/tr>\n
Price due to base-rate<\/td>\n22.52<\/td>\n22.43<\/td>\n22.64<\/td>\n<\/tr>\n
Price due to short-term<\/td>\n-0.25<\/td>\n-0.25<\/td>\n-0.25<\/td>\n<\/tr>\n
Price due to long-term<\/td>\n1.39<\/td>\n1.39<\/td>\n1.39<\/td>\n<\/tr>\n
Price to to Cumulative Dividends<\/td>\n0.00<\/td>\n0.00<\/td>\n0.00<\/td>\n<\/tr>\n
Price due to Liquidity<\/td>\n1.71<\/td>\n1.71<\/td>\n1.72<\/td>\n<\/tr>\n
Price due to error<\/td>\n-0.07<\/td>\n-0.07<\/td>\n-0.07<\/td>\n<\/tr>\n
Curve Price (Taxable Curve)<\/td>\n25.30<\/td>\n25.22<\/td>\n25.43<\/td>\n<\/tr>\n
Dividend Rate<\/td>\n$1.125<\/td>\n$1.125<\/td>\n$1.125<\/td>\n<\/tr>\n
Quote 4\/5<\/td>\n24.87-89<\/td>\n24.97-98<\/td>\n25.15-23<\/td>\n<\/tr>\n
YTW (at bid, after tax)<\/td>\n3.61%<\/td>\n3.58%<\/td>\n3.60%<\/td>\n<\/tr>\n
YTW Date<\/td>\nInfinite<\/td>\n2016-5-27 \/ Infinite<\/td>\nInfinite<\/td>\n<\/tr>\n
Credit Rating (DBRS)<\/td>\nPfd-1<\/td>\nPfd-1<\/td>\nPfd-1<\/td>\n<\/tr>\n
YTW (Pre-Tax)<\/td>\n4.54%<\/td>\n4.50%<\/td>\n4.51%<\/td>\n<\/tr>\n
YTW Modified Duration (Pre-Tax)<\/td>\n16.36<\/td>\n16.46<\/td>\n16.24<\/td>\n<\/tr>\n
YTW Pseudo-Convexity (Pre-Tax)<\/td>\n-35.01<\/td>\n-63.28<\/td>\n-51.92<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

Update:<\/strong> The issue has been added to the HIMIPref&trade database with the securityCode<\/a> A41010, replacing the preIssue<\/a> code of P50012. A reorgDataEntry<\/a> has been added to the system.<\/p>\n

The issue has been added to the HIMIPref™ PerpetualDiscount Index<\/a>.\n<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The Scotia new issue, announced March 21, closed its first day of trading at 24.87-89, on heavy volume of 724,590 shares. There was a tight trading range, 24.85-92. Updated comparatives are: Scotia Bank 4.45% Perp …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,10,13],"tags":[],"class_list":["post-742","post","type-post","status-publish","format-standard","hentry","category-data-fixes","category-index-construction-and-reporting","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/742","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=742"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/742\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}