SLF.PR.F, the 6.00%+379 FixedReset announced on May 8 settled today.
Sun Life Financial announced:
the successful completion of a Canadian public offering of $250 million of Class A Non-Cumulative 5-Year Rate Reset Preferred Shares Series 6R (the “Series 6R Shares”) at a price of $25.00 per share and yielding 6.00 per cent annually. The offering, initially for $200 million of Series 6R Shares, was increased to $250 million following exercise by the underwriting syndicate, co-led by TD Securities Inc. and BMO Nesbitt Burns Inc., of an option to purchase an additional $50 million of Series 6R Shares.
The Series 6R Shares were issued under a prospectus supplement dated May 8, 2009, which was issued pursuant to a short form base shelf prospectus dated April 1, 2009. Copies of those documents are available on the SEDAR website for Sun Life Financial Inc. at www.sedar.com. The Series 6R Shares are listed on the Toronto Stock Exchange under the ticker symbol SLF.PR.F.
So the greenshoe was fully exercised.
Vital statistics after the first day’s trading are:
Maturity Type : Call
Maturity Date : 2014-07-30
Maturity Price : 25.00
Evaluated at bid price : 25.79
Bid-YTW : 5.32 %
It will be most interesting to learn whether the rapturous reception accorded SLF.PR.F will coax a few more issues out of the woodwork!
SLF.PR.F has been added to the FixedReset HIMIPref™ subindex.