Emera has announced:
that it has completed its public offering of ten million Cumulative Rate Reset First Preferred Shares, Series C for aggregate gross proceeds of $250 million. The offering was first announced on May 29, 2012 when Emera entered into an agreement with a syndicate of underwriters in Canada led by Scotiabank, RBC Capital Markets and TD Securities Inc.
The net proceeds of the offering will be used for general corporate purposes.
EMA.PR.C is a FixedReset, 4.10%+265, announced May 29. The issue will be tracked by HIMIPref™, but assigned to the Scraps index on credit concerns.
EMA.PR.C traded 503,021 shares today in a range of 24.75-87 before closing at 24.81-84, 25×2. Vital statistics are:
| EMA.PR.C |
FixedReset |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2042-06-07
Maturity Price : 23.04
Evaluated at bid price : 24.81
Bid-YTW : 3.77 % |
This entry was posted on Thursday, June 7th, 2012 at 10:30 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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EMA.PR.C Soft on Good Volume
Emera has announced:
EMA.PR.C is a FixedReset, 4.10%+265, announced May 29. The issue will be tracked by HIMIPref™, but assigned to the Scraps index on credit concerns.
EMA.PR.C traded 503,021 shares today in a range of 24.75-87 before closing at 24.81-84, 25×2. Vital statistics are:
Maturity Type : Limit Maturity
Maturity Date : 2042-06-07
Maturity Price : 23.04
Evaluated at bid price : 24.81
Bid-YTW : 3.77 %
This entry was posted on Thursday, June 7th, 2012 at 10:30 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.