TSX:BPO.PR.A - Post by User
Comment by
CrazyTraderon Sep 28, 2023 4:08pm
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Post# 35660246
RE:BPYP.PR.A rate is 6.25%. Current Share Price $18.73
RE:BPYP.PR.A rate is 6.25%. Current Share Price $18.73 For example, if the 5yr rate is 5% when the C's reset, the rate will be 10.18% !!!! compare that to BPYP.PR.A 6.25%.
At C's current share price that would send the Reset yield to over 18% !!!
Ya, if BPO is "pari passu" to BPY.... then I think either BPO Prefers are under priced, or BPY prefers are over priced......or both By a LOT.
All just my opinion/view/thinking