Brookfield Renewable Energy Partners has announced:
the completion of its previously announced 5% perpetual Class A Preferred Shares, Series 5 (“Preferred Shares”) issue in the amount of CDN$175,000,000. Brookfield Renewable issued, through a wholly-owned subsidiary, 7,000,000 Preferred Shares at a price of CDN$25.00 per share, for total gross proceeds of CDN$175,000,000.
The offering was underwritten by a syndicate led by RBC Capital Markets, CIBC, Scotiabank, and TD Securities Inc.
The Series 5 Preferred Shares will commence trading on the Toronto Stock Exchange this morning under the ticker symbol BRF.PR.E.
BRF.PR.E is a Straight Perpetual, 5.00%, announced January 21. It has been rated Pfd-3(high) by DBRS.
The issue traded 560,718 shares in a range of 24.94-03 before closing at 24.99-01, 25×14. Vital statistics are:
| BRF.PR.E |
Perpetual-Discount |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2043-01-29
Maturity Price : 24.60
Evaluated at bid price : 24.99
Bid-YTW : 5.01 % |
This entry was posted on Tuesday, January 29th, 2013 at 10:43 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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BRF.PR.E Firm On Good Volume
Brookfield Renewable Energy Partners has announced:
BRF.PR.E is a Straight Perpetual, 5.00%, announced January 21. It has been rated Pfd-3(high) by DBRS.
The issue traded 560,718 shares in a range of 24.94-03 before closing at 24.99-01, 25×14. Vital statistics are:
Maturity Type : Limit Maturity
Maturity Date : 2043-01-29
Maturity Price : 24.60
Evaluated at bid price : 24.99
Bid-YTW : 5.01 %
This entry was posted on Tuesday, January 29th, 2013 at 10:43 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.