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RAIT Financial Trust Message Board

  • noob_doob noob_doob Oct 9, 2013 3:28 PM Flag

    RAS=C back to par

    Now trading at $25.00, exactly at face value.
    How many sold at a premium, while they could?
    pretty much any day this year, up to the end of August, except for a little hiccup for about a week back in June

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    • Another example, this time short-term rates (5-day bills. less than .5% typically, .3% this time):

      October 09, 2013 TREASURY AUCTION RESULTS

      Term and Type of Security 5-Day Bill

      (Bid-to-Cover Ratio: $99,540,000,000/$35,000,962,500 = 2.84)

      CUSIP Number 912796FU8
      High Rate 0.300%
      Allotted at High 61.55%
      Price 99.995833
      Investment Rate 0.304%
      Median Rate 0.250%
      Low Rate 0.150%
      Issue Date October 10, 2013
      Maturity Date October 15, 2013
      Tendered///Accepted
      Competitive $99,540,000,000///$35,000,962,500
      Noncompetitive $0///$0
      FIMA (Noncompetitive) $0///$0
      $99,540,000,000///$35,000,962,5006
      SOMA $0///$0
      Total $99,540,000,000///$35,000,962,500
      Primary Dealer 7 $90,375,000,000///$29,656,975,000
      Direct Bidder 8 $5,125,000,000///$1,746,162,500
      Indirect Bidder 9 $4,040,000,000///$3,597,825,000
      Total Competitive $99,540,000,000///$35,000,962,500

    • RAS Preferred shares "face" yields:
      Preferred A 7.75%
      Preferred B 8.375%
      Preferred C 8.875%

      I believe RAS can raise money for a lot less than 7.75%, for quite a while yet going forward.

      Today's Treasury auctions were all well within the anticipated range of 2 to 3%.
      Here's just one (typical) example:

      Term and Type of SecurityL 9-Year 10-Month Note

      (Bid-to-Cover Ratio: $54,199,877,100///$21,000,004,500 = 2.58)

      CUSIP Number 912828VS6
      Series E-2023
      Interest Rate 2-1/2%
      High Yield 1 2.657%
      Allotted at High 16.83%
      Price 98.645362
      Accrued Interest per $1,000 $4.14402
      Median Yield 2.623%
      Low Yield 2.535%
      Issue Date October 15, 2013
      Maturity Date August 15, 2023
      Original Issue Date August 15, 2013
      Dated Date August 15, 2013
      Tendered///Accepted
      Competitive $54,173,100,000///$20,973,227,400
      Noncompetitive $16,777,100///$16,777,100
      FIMA (Noncompetitive) $10,000,000///$10,000,000
      Subtotal 4
      $54,199,877,100///$21,000,004,5005
      SOMA $0 $0
      Total $54,199,877,100///$21,000,004,500
      Primary Dealer 6 $36,531,000,000///$8,438,622,500
      Direct Bidder 7 $8,151,000,000///$4,439,504,900
      Indirect Bidder 8 $9,491,100,000///$8,095,100,000
      Total Competitive $54,173,100,000///$20,973,227,400

    • wonder if ras is minting more of this issue.

 
RAS
8.12+0.01(+0.12%)Jul 11 4:03 PMEDT

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