CPX.PR.A Closes Firm on Good Volume

Capital Power Corporation has announced:

that it has closed its previously announced offering of 5,000,000 Cumulative Rate Reset Preference Shares, Series 1 (the “Series 1 Shares”) at a price of $25 per Series 1 Share (the “Offering”) for aggregate gross proceeds of $125 million on a bought deal basis with a syndicate of underwriters, led by TD Securities Inc. and RBC Capital Markets.

CPX.PR.A is a FixedReset 4.60%+217 announced December 1. The issue traded 262,349 shares in a range of 24.85-95 before closing at 24.88-90, 4×116.

Vital statistics are:

Maturity Type : Limit Maturity
Maturity Date : 2040-12-16
Maturity Price : 24.83
Evaluated at bid price : 24.88
Bid-YTW : 4.59 %

Leave a Reply

You must be logged in to post a comment.