Post by
mrbb on Nov 24, 2020 1:38pm
B series
what is the next expiry date for the B series preferred?
Comment by
rad10 on Nov 25, 2020 7:15am
B's pay 3 month plus 173 bp. It's a floating reset cheers.
Comment by
Number13 on Nov 25, 2020 12:48pm
Yes, B series floating (Canada 3-month T-bill plus 1.73%), but it can be converted into an A series every 5 years (Canada 5-yr bold plus 1.73%) The date you can convert is March 31st, 2021 and every 5 yrs after that. I'm not sure how exactly to convert. You'd have to probably phone your brokerage to find out I'm guessing.