GREY:NEVDQ - Post by User
Comment by
patchhon Sep 11, 2021 12:31pm
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Post# 33845047
RE:Castle selling / should / will this makes difference
RE:Castle selling / should / will this makes differenceCastle ?
i traked the loading on TMX for several days.. most of the swaps here were PBC-TD-Scot-CIBC-NA a few canacord -Morgan.. Castle may hav gone out thru instinet abd their luxemburg desk..
when hard to say - probably the day they filed the SEDAR fo 30M..
I suspect - don't kno; but castle may hav physical delivery of the initial NCI Stoks..
instinet facilitates dest 2 desk transactions... i suspect the CL Stoks were sold overseas to dealers - then bak to RBC/Etc
in addition... there may hav been bonding restrictions, for sales not to occur in the UK or USA and could only B sold dealer to dealer..
i see this in the Royal Bank of Scotland (and others PR[ENB] issued by RBS) where here - with; or/in thier RY.PR series,, the initial notes are restricted to sale:: only dealer - to dealer on the value exchange.. eventually these coupon bonds do make its way to TSX and interactive brokers allows for the purchase or sale of the instruments...
i was under the impression that NCI Stoks are around 20% in the open market.. so for the last 2 or 3 weeks; 10% of the total shares of NCI have gone thur the exchanges..
more interesting - wold B to see who is registering large bloks of NCI - such as Funds /Insider Rules.. i think they hav two weeks after their last purchase ????