BMO.PR.K Slithers onto Market

This new issue, announced on September 27 initially looked pretty good … but market yields kept increasing and it looked less and less like a good thing as time went on.

The new issue announcement by TD today probably didn’t help a lot either.

Opening day wasn’t very good, but was at least better than the EPP.PR.A, BAM.PR.N and CCS.PR.A opening days of late last spring. 84,620 shares traded in a range of 24.50-70, closing at 24.50-55, 10×32.

As of the close, HIMIPref™ estimates the fair value of this issue to be 24.67. The issue has been entered into the HIMIPref™ database with a securityCode of A40007. A reorgDataEntry has been created to reflect the change from the preIssue code of P25008.

Update: This issue has been added to the PerpetualDiscount Index.

This entry was posted on Tuesday, October 9th, 2007 at 7:41 pm and is filed under Data Changes, Index Construction / Reporting, 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.

3 Responses to “BMO.PR.K Slithers onto Market”

  1. PrefBlog » Blog Archive » October 9, 2007 says:
    October 9, 2007 at 10:14 pm

    […] PrefBlog Canadian Preferred Shares – Data and Discussion « BMO.PR.K Slithers onto Market […]

  2. PrefBlog » Blog Archive » October 10, 2007 says:
    October 11, 2007 at 1:35 pm

    […] New”>http://www.prefblog.com/?p=1284″>New issue closed today. Now with a pre-tax bid-YTW of 5.38% based on a bid of 24.50 and a limitMaturity. […]

  3. PrefBlog » Blog Archive » October 15, 2007 says:
    October 16, 2007 at 12:34 am

    […] Recent new issue. Now with a pre-tax bid-YTW of 5.39% based on a bid of 24.50 and a limitMaturity. […]

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