BAM.PR.R Achieves Solid Premium on Heavy Volume

BAM.PR.R, the new FixedReset 5.40%+230 announced January 5 closed today and was able to close well above par on heavy volume. The issue traded 614,165 shares in a range of 24.95-30 before closing at 25.26-30, 8×61.

Vital statistics are:

BAM.PR.R FixedReset YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2040-01-14
Maturity Price : 23.17
Evaluated at bid price : 25.26
Bid-YTW : 4.89 %

BAM.PR.R is tracked by HIMIPref™. It has been added to the FixedResets subindex.

2 Responses to “BAM.PR.R Achieves Solid Premium on Heavy Volume”

  1. […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-01-18 Maturity Price : 23.19 Evaluated at bid price : 25.30 Bid-YTW : 4.82 % […]

  2. […] initial fixed-rate period on this issue is six and a half years, just as was the slightly earlier BAM.PR.R new issue. In distinction to other commenters, I feel that the longer term has a lot more to do with the […]

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