IAG.PR.G Firm on Good Volume

Industrial Alliance Insurance and Financial Services Inc. has announced:

that it has closed its previously announced bought deal public offering of Non-Cumulative 5-Year Rate Reset Class A Preferred Shares Series G (the “Series G Preferred Shares”) at a price of $25.00 per Series G Preferred Share purchased by a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets. The offering results in a total of 6,000,000 Series G Preferred Shares being issued today by Industrial Alliance for gross proceeds of $150,000,000.

The net proceeds of this offering will be used for general corporate purposes and will be added to Industrial Alliance’s capital base.

The Series G Preferred Shares were issued under a prospectus supplement dated May 25, 2012 to the short form base shelf prospectus of Industrial Alliance dated April 29, 2011. Details of the offering are set out in the prospectus supplement which is available on SEDAR at www.sedar.com.

IAG.PR.G is a FixedReset, 4.30%+285, announced May 24. The issue will be tracked by HIMIPref™ and assigned to the FixedReset subindex.

IAG.PR.G traded 353,936 shares today in a range of 24.90-09 before closing at 25.05-08, 6×35. Vital statistics are:

IAG.PR.G FixedReset YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 25.05
Bid-YTW : 4.24 %

This entry was posted on Friday, June 1st, 2012 at 9:28 pm 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.

8 Responses to “IAG.PR.G Firm on Good Volume”

  1. June 1, 2012 « PrefBlog says:
    June 1, 2012 at 9:41 pm

    […] PrefBlog Canadian Preferred Shares – Data and Discussion « IAG.PR.G Firm on Good Volume […]

  2. June 5, 2012 « PrefBlog says:
    June 5, 2012 at 12:07 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.10 Bid-YTW : 4.12 % […]

  3. June 6, 2012 « PrefBlog says:
    June 6, 2012 at 12:29 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.26 Bid-YTW : 4.04 % […]

  4. Almost New Issue: IAG.PR.G Reopening « PrefBlog says:
    June 19, 2012 at 7:31 pm

    […] is a FixedReset, 4.30%+285, for which the first tranche closed 2012-6-1. It is interesting that the five year GOC yield is now about 1.19%, which implies that the reset […]

  5. June 26, 2012 « PrefBlog says:
    June 26, 2012 at 9:10 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.08 Bid-YTW : 4.22 % […]

  6. June 27, 2012 « PrefBlog says:
    June 27, 2012 at 10:22 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.10 Bid-YTW : 4.21 % […]

  7. June 28, 2012 « PrefBlog says:
    June 28, 2012 at 11:43 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.02 Bid-YTW : 4.25 % […]

  8. June 29, 2012 « PrefBlog says:
    June 29, 2012 at 10:50 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.06 Bid-YTW : 4.23 % […]

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