Scotia Managed Companies has announced:
BNS Split Corp. II (the “Company”) is pleased to announce that it has completed its public offering of Class B preferred shares, series 2 (“Preferred Shares”) raising $11,217,809 through the issuance of 569,143 Preferred Shares at a price per share of $19.71. In addition, the Company has redeemed all of its outstanding Class B preferred shares, series 1. The Preferred Shares were offered to the public on a best efforts basis by a syndicate of agents led by Scotiabank, which included CIBC and RBC Capital Markets.
BNS Split Corp. II is a mutual fund corporation created to hold a portfolio of common shares of The Bank of Nova Scotia. Capital Shares and Preferred Shares of BNS Split Corp. II are listed for trading on The Toronto Stock Exchange under the symbols BSC and BSC.PR.C, respectively.
The issue is a 4% Five-Year Split Share. It will be tracked by HIMIPref™ and has been assigned to the SplitShare subindex (although, given the size of the issue, I expect it to be permanently relegated to the Scraps subindex on volume concerns in fairly short order).
BSC.PR.C traded 65,570 shares today in a range of 19.71-72 before closing at 19.69-72, 1×103. Vital statistics are:
| BSC.PR.C |
SplitShare |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2020-09-22
Maturity Price : 19.71
Evaluated at bid price : 19.69
Bid-YTW : 4.04 % |
Note that BSC.PR.B has been redeemed.
This entry was posted on Tuesday, September 22nd, 2015 at 10:45 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.
BSC.PR.C Firm On Good Volume
Scotia Managed Companies has announced:
The issue is a 4% Five-Year Split Share. It will be tracked by HIMIPref™ and has been assigned to the SplitShare subindex (although, given the size of the issue, I expect it to be permanently relegated to the Scraps subindex on volume concerns in fairly short order).
BSC.PR.C traded 65,570 shares today in a range of 19.71-72 before closing at 19.69-72, 1×103. Vital statistics are:
Maturity Type : Hard Maturity
Maturity Date : 2020-09-22
Maturity Price : 19.71
Evaluated at bid price : 19.69
Bid-YTW : 4.04 %
Note that BSC.PR.B has been redeemed.
This entry was posted on Tuesday, September 22nd, 2015 at 10:45 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.