Post by
HCI_STEEL on Jun 04, 2019 3:55pm
These debs are still sitting open when every other offer get
gets scooped up and closes in hours at Scotiabank. Minimum purchase is only 1000.00 so I'm not sure why ppl are saying 10 or 100k per crack. I picked up 5000.00 face and kind of regret it but last ipo I put an order in a Scotia they were only giving me a partial fill. Once this closes I GUARANTEE it won't be trading at 100.00, probably drop to 85-90 so the banks don't get stuck with inventory.
Comment by
Mining_Dude on Jun 13, 2019 4:21pm
They did a clean up round at 97, which is roughly where they're trading now. I honestly I don't think this is a bad deal. I think the coiupon should have been higher, but from a creditor prespective, it's still a pretty good position.