Brookfield Office Properties Inc T.BPO.PR.A

Alternate Symbol(s): BRPPF | T.BPO.PR.C | BOPPF | T.BPO.PR.N | BKAAF | T.BPO.PR.P | BRKFF | T.BPO.PR.R | BROAF | T.BPO.PR.T | T.BPS.PR.U | T.BPO.PR.W | BRPYF | T.BPO.PR.Y | T.BPO.PR.X | T.BPO.PR.E | BKEEF | T.BPO.PR.G | BROPF | BKOFF | T.BPO.PR.I

Brookfield Office Properties Inc. is a global office property company. The Company owns, manages, and develops premier assets in the resilient markets. The Company's signature properties define the skylines of dynamic cities around the globe, including New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, London, Berlin, Sydney and Perth. From Brookfield Places in New York City, Toronto and Perth to Bankers Hall in Calgary and Bank of America Plaza in Los Angeles, its distinguished portfolio attracts financial, energy, government and professional service organizations which have high credit ratings and maintain long-term leases.

TSX:BPO.PR.A - Post by User

Brookfield Office Properties Inc > Looking for insights from long-time BPO peeps

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Comment by SONOFFERGUSon Jan 17, 2024 2:07pm

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Post# 35831787

RE:RE:RE:RE:RE:RE:Looking for insights from long-time BPO peeps

I get liking resets better. I do too, with a bias to 2024 resets.

What I'm missing in this market is why a floater would trade so far from par. It's not a credit issue (oh hi BPO). It is a structure issue to a point since the only way to exit is through another buyer, but...

SLF.PR,K $21.00 at offer pays t-bills +2.17%. Rated same as PWF but not cumulative.

Assuming prime is +2.20%, PWF yields higher by 0.40% at zero t-bill, +1.23% currently, +2.06% at 10%. Even if prime drops to +2.00%, PWF still dominates.

I continue scratching my head.

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