YPG.PR.D Plummets on Opening Day

YPG.PR.D, the 6.90%+426 FixedReset announced December 7, commenced trading today with a dull thud.

It traded 157,195 shares in a range of 23.75-25 before closing at 23.86-90.

Vital statistics are:

YPG.PR.D FixedReset Not Calc! YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-12-22
Maturity Price : 22.68
Evaluated at bid price : 23.86
Bid-YTW : 7.14 %

Looking at relative yields is amusing:

YPG issues on December 22
Ticker Quote Bid Yield Bid YTW Scenario
YPG.PR.A 24.00-10 5.72% SoftMaturity 2012-12-30 at 25.00
YPG.PR.B 18.52-68 10.05% SoftMaturity 2017-6-29 at 25.00
YPG.PR.C 24.00-15 7.02% LimitMaturity
YPG.PR.D 23.86-90 7.14% LimitMaturity

One Response to “YPG.PR.D Plummets on Opening Day”

  1. […] Preferred Shares – Data and Discussion « GWO.PR.X, IGM.PR.A to be Removed from TXPR YPG.PR.D Plummets on Opening Day […]

Leave a Reply

You must be logged in to post a comment.