EMA.PR.F A Little Soft But Volume Good

Emera Incorporated has announced:

that it has completed its public offering of eight million Cumulative Rate Reset First Preferred Shares, Series F for aggregate gross proceeds of $200 million. The offering was first announced on May 29, 2014 when Emera entered into an agreement with a syndicate of underwriters in Canada led by Scotiabank. The net proceeds of the offering will be used for general corporate purposes, including repayment of indebtedness under Emera’s credit facilities.

EMA.PR.F is a FixedReset, 4.25%+263, announced May 29. It will be tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.

The issue traded 375,950 shares today in a tight range of 24.85-90 before closing at 24.85-88, 4×9. Vital statistics are:

Maturity Type : Limit Maturity
Maturity Date : 2044-06-09
Maturity Price : 23.07
Evaluated at bid price : 24.85
Bid-YTW : 4.17 %

2 Responses to “EMA.PR.F A Little Soft But Volume Good”

  1. FletcherLynn says:

    Could this one be added to PrefInfo, please…

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