Brookfield Renewable Energy Partners has announced:
the completion of its previously announced 5% perpetual Class A Preferred Shares, Series 6 (“Preferred Shares”) bought deal 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 Scotiabank, CIBC, RBC Capital Markets and TD Securities Inc.
The Series 6 Preferred Shares will commence trading on the Toronto Stock Exchange this morning under the ticker symbol BRF.PR.F.
BRF.PR.F is a Straight Perpetual, 5.00% announced April 23. The fact that 7-million shares were issued means that the greenshoe option was exercised in full. The issue will be tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.
The issue traded 289,520 shares today in a range of 24.85-94 before closing at 24.94-95, 10×151. Vital statistics are:
| BRF.PR.F |
Perpetual-Discount |
289,520 |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2043-05-01
Maturity Price : 24.55
Evaluated at bid price : 24.94
Bid-YTW : 5.02 % |
This entry was posted on Thursday, May 2nd, 2013 at 12:35 am 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.
BRF.PR.F Firm On Good Volume
Brookfield Renewable Energy Partners has announced:
BRF.PR.F is a Straight Perpetual, 5.00% announced April 23. The fact that 7-million shares were issued means that the greenshoe option was exercised in full. The issue will be tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.
The issue traded 289,520 shares today in a range of 24.85-94 before closing at 24.94-95, 10×151. Vital statistics are:
Maturity Type : Limit Maturity
Maturity Date : 2043-05-01
Maturity Price : 24.55
Evaluated at bid price : 24.94
Bid-YTW : 5.02 %
This entry was posted on Thursday, May 2nd, 2013 at 12:35 am 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.