Loblaw Companies Limited has announced:
the completion today of the sale of 9 million cumulative Second Preferred Shares, Series B (the “Preferred Shares Series B”), to yield 5.30% per annum, to a syndicate of underwriters co-led by RBC Capital Markets, Scotiabank and TD Securities Inc. The aggregate gross proceeds of the sale were $225 million. The Preferred Shares Series B have been listed and posted to trade on the Toronto Stock Exchange under the symbol “L.PR.B”.
L.PR.B is a 5.30% Straight Perpetual announced June 2. It will be tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.
The issue traded 765,451 shares today (consolidated exchanges) in a range of 24.87-97 before closing at 24.92-95. Vital statistics are:
| L.PR.B |
Perpetual-Discount |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2045-06-09
Maturity Price : 24.53
Evaluated at bid price : 24.92
Bid-YTW : 5.33 % |
This entry was posted on Tuesday, June 9th, 2015 at 9:25 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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L.PR.B Firm On Decent Volume
Loblaw Companies Limited has announced:
L.PR.B is a 5.30% Straight Perpetual announced June 2. It will be tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.
The issue traded 765,451 shares today (consolidated exchanges) in a range of 24.87-97 before closing at 24.92-95. Vital statistics are:
Maturity Type : Limit Maturity
Maturity Date : 2045-06-09
Maturity Price : 24.53
Evaluated at bid price : 24.92
Bid-YTW : 5.33 %
This entry was posted on Tuesday, June 9th, 2015 at 9:25 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.