Talisman Energy Inc. has announced:
it has completed the sale to a syndicate of underwriters led by RBC Capital Markets and CIBC of 8,000,000 Cumulative Redeemable Rate Reset First Preferred Shares, Series 1 at a price of CAD$25.00 per share, pursuant to its previously announced public offering of the preferred shares in Canada.
There was a greenshoe for another 2-million shares which was not exercised.
TLM.PR.A is a FixedReset, 4.20%+277 announced December 5. The issue will be tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.
The issue traded 68,600 shares in a range of 24.25-88 before closing at 24.10-25. Vital statistics are:
| TLM.PR.A |
FixedReset |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2041-12-13
Maturity Price : 22.82
Evaluated at bid price : 24.10
Bid-YTW : 4.18 % |
This entry was posted on Wednesday, December 14th, 2011 at 2:42 am and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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TLM.PR.A Does Not Charm Market
Talisman Energy Inc. has announced:
There was a greenshoe for another 2-million shares which was not exercised.
TLM.PR.A is a FixedReset, 4.20%+277 announced December 5. The issue will be tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.
The issue traded 68,600 shares in a range of 24.25-88 before closing at 24.10-25. Vital statistics are:
Maturity Type : Limit Maturity
Maturity Date : 2041-12-13
Maturity Price : 22.82
Evaluated at bid price : 24.10
Bid-YTW : 4.18 %
This entry was posted on Wednesday, December 14th, 2011 at 2:42 am and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.