{"id":11055,"date":"2010-06-02T20:52:29","date_gmt":"2010-06-03T00:52:29","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=11055"},"modified":"2010-06-02T20:52:29","modified_gmt":"2010-06-03T00:52:29","slug":"ema-pr-a-slides-on-opening-day-with-derisory-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=11055","title":{"rendered":"EMA.PR.A Slides on Opening Day with Derisory Volume"},"content":{"rendered":"<p>Emera <a href=\"http:\/\/www.emera.com\/en\/home\/mediacentre\/archivedpressreleases\/2009\/newsreleasedetails.aspx?SourceParams=reqid-1433504\">has announced<\/a>:<\/p>\n<blockquote><p>that it has completed its public offering of six million Cumulative 5-Year Rate Reset First Preferred Shares, Series A for aggregate gross proceeds of $150 million. The offering was first announced on May 25, 2010 when Emera entered into an agreement with a syndicate of underwriters in Canada led by Scotia Capital Inc., RBC Capital Markets and CIBC World Markets Inc.<\/p>\n<p>The net proceeds of the offering will be used for general corporate purposes.<\/p><\/blockquote>\n<p>The aggregate gross proceeds of $150-million implies that the $50-million greenshoe was not exercised, while the low volume implies the underwriters had trouble flogging the issue.<\/p>\n<p>EMA.PR.A is a FixedReset, 4.40%+184, <a href=\"http:\/\/www.prefblog.com\/?p=10973\">announced May 25<\/a>.<\/p>\n<p>It traded 26,700 shares today in a range of 24.70-00 before closing at 24.75-89, 27&#215;10.<\/p>\n<p>Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>EMA.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-06-02<br \/>\nMaturity Price  : 24.70<br \/>\nEvaluated at bid price : 24.75<br \/>\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>EMA.PR.A is tracked by HIMIPref&trade;, but has been relegated to the Scraps index on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Emera has announced: that it has completed its public offering of six million Cumulative 5-Year Rate Reset First Preferred Shares, Series A for aggregate gross proceeds of $150 million. The offering was first announced on &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-11055","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/11055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11055"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/11055\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}