RY.PR.Y Soars to Premium on Frantic Trading

It was a very good opening day for RY.PR.Y, the Fixed-Reset 6.10%+413 issue announced last week that settled today.

It traded 985,152 shares in a range of 25.30-50 before closing at 25.48-49, 31×22. Vital statistics are:

RY.PR.Y FixedReset YTW SCENARIO
Maturity Type : Call
Maturity Date : 2014-12-24
Maturity Price : 25.00
Evaluated at bid price : 25.48
Bid-YTW : 5.73 %

RY.PR.Y has been added to the HIMIPref™ Fixed-Reset subindex.

Update, 2009-5-1: There are 13-million shares outstanding, implying that the full revised greenshoe of 1-million shares was exercised in full.

This entry was posted on Wednesday, April 29th, 2009 at 7:29 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “RY.PR.Y Soars to Premium on Frantic Trading”

  1. PrefBlog » Blog Archive » April 29, 2009 says:
    April 29, 2009 at 7:44 pm

    […] PrefBlog Canadian Preferred Shares – Data and Discussion « RY.PR.Y Soars to Premium on Frantic Trading […]

  2. PrefBlog » Blog Archive » April 30, 2009 says:
    April 30, 2009 at 10:32 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-12-24 Maturity Price : 25.00 Evaluated at bid price : 25.62 Bid-YTW : 5.62 % […]

  3. PrefBlog » Blog Archive » What is the Yield of RY.PR.Y? says:
    May 1, 2009 at 1:06 am

    […] was last mentioned in PrefBlog in the post RY.PR.Y Soars to Premium on Frantic Trading. It is tracked by HIMIPref™ and is a component of the HIMIPref™ FixedReset […]

  4. PrefBlog » Blog Archive » May 4, 2009 says:
    May 4, 2009 at 7:05 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-12-24 Maturity Price : 25.00 Evaluated at bid price : 25.96 Bid-YTW : 5.35 % […]

  5. PrefBlog » Blog Archive » May 12, 2009 says:
    May 12, 2009 at 7:40 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-12-24 Maturity Price : 25.00 Evaluated at bid price : 26.10 Bid-YTW : 5.26 % […]

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