Great-West Lifeco has announced:
the completion of its offering of 8,000,000 Non-Cumulative First Preferred Shares, Series Q through a syndicate of underwriters co-led by BMO Capital Markets, RBC Capital Markets, and Scotiabank for gross proceeds of $200 million. The Series Q Shares will be posted for trading on the Toronto Stock Exchange under the symbol “GWO.PR.Q”.
GWO.PR.Q is a Straight Perpetual, 5.15%, announced June 28.
GWO.PR.Q traded 571,926 shares today in a range of 24.95-02 before closing at 25.00-02, 7×114. The issue will be tracked by HIMIPref™ and assigned to the DeemedRetractible index.
Vital statistics are:
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 25.00
Bid-YTW : 5.18 %