AltaGas Ltd. has announced: that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Five-Year Rate Reset Preferred Shares, Series C (the “Series C Shares”) (TSX:ALA.PR.U) on September 30, …
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TA.PR.H to Reset at 5.194%
TransAlta Corporation has announced: that it does not intend to exercise its right to redeem all or any part of the currently outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series E (“Series E Shares”) …
August 29, 2017
Conversion to T+2 settlement is now underway: The implementation of T+2 settlement formally takes place next week, on Tues. Sept. 5, but the transition effectively begins on Mon. Aug. 28. The Canadian Capital Markets Association …
RY.PR.B To Be Redeemed
Royal Bank of Canada has announced: its intention, subject to the approval of the Office of the Superintendent of Financial Institutions (OSFI), to redeem all of its issued and outstanding Non-Cumulative First Preferred Shares Series …
MFC.PR.I To Reset At 4.35100%
Manulife Financial Corporation has announced (although not yet on their website): the applicable dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 9 (the “Series 9 Preferred Shares”) (TSX: MFC.PR.I) and Non-cumulative Floating …
ENB.PF.U To Reset at 4.959% (USD)
Enbridge Inc. has announced: that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series L (Series L Shares) (TSX: ENB.PF.U) on September 1, 2017. As a …
DBRS Improves TD Senior Debt Trend to Stable
DBRS has announced that it: has today confirmed the ratings of The Toronto-Dominion Bank (TD or the Bank) and its related entities, including TD’s Long-Term Issuer Rating at AA and Short-Term Issuer Rating at R-1 …
DBRS Improves RY Senior Debt Trend to Stable
DBRS has announced that it: has today confirmed the ratings of Royal Bank of Canada (RBC or the Bank) and its related entities, including RBC’s Long-Term Issuer Rating at AA and Short-Term Issuer Rating at …
July 19, 2017
Matt Levine of Bloomberg passes on the latest legal wrinkle in the CDS field: And when a bank needs rescuing, holders of its most senior stuff — the deposits, the secured debt — tend to …
S&P Downgrades CU and CIU
Standard & Poor’s has announced: •We are lowering our long-term corporate credit and senior unsecured debt ratings on Calgary, Alta.-based ATCO Ltd., and its core subsidiaries Canadian Utilities Ltd. (CU Ltd.) and CU Inc., to …