CPX.PR.E Soft On Moderate Volume

Capital Power Corporation has announced:

that it has closed its previously announced offering of 8,000,000 Cumulative Rate Reset Preference Shares, Series 5 (the “Series 5 Shares”) at a price of $25 per Series 5 Share for aggregate gross proceeds of $200 million on a bought deal basis with a syndicate of underwriters, led by RBC Capital Markets and Scotiabank.

The Series 5 Shares will begin trading today on the TSX under the symbol CPX.PR.E.

CPX.PR.E is a FixedReset, 4.50%+315, announced March 5. It will be tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.

The issue traded 287,695 shares today in a range of 24.84-95 before closing at 24.88-89, 38×4.

Vital statistics are:

CPX.PR.E FixedReset YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2043-03-14
Maturity Price : 23.10
Evaluated at bid price : 24.88
Bid-YTW : 4.41 %

This entry was posted on Thursday, March 14th, 2013 at 11:28 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.

One Response to “CPX.PR.E Soft On Moderate Volume”

  1. March 14, 2013 « PrefBlog says:
    March 14, 2013 at 11:46 pm

    […] PrefBlog Canadian Preferred Shares – Data and Discussion « CPX.PR.E Soft On Moderate Volume […]

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