{"id":13846,"date":"2011-01-25T23:36:08","date_gmt":"2011-01-26T03:36:08","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=13846"},"modified":"2011-01-25T23:36:08","modified_gmt":"2011-01-26T03:36:08","slug":"fn-pr-a-plummets-on-derisory-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=13846","title":{"rendered":"FN.PR.A Plummets on Derisory Volume"},"content":{"rendered":"<p>First National <a href=\"http:\/\/www.newswire.ca\/en\/releases\/archive\/January2011\/25\/c4741.html\">has announced<\/a>:<\/p>\n<blockquote><p>the closing of its previously announced offering of 4,000,000 Class A Preference Shares, Series 1 (the &#8220;Series 1 Shares&#8221;) for gross proceeds of $100,000,000 (the &#8220;Offering&#8221;).<\/p>\n<p>The net proceeds of the Offering will be used to repay current indebtedness as well as for general corporate purposes.<\/p>\n<p>The Series 1 Shares will commence trading on the Toronto Stock Exchange on January 25, 2011 under the symbol FN.PR.A.<\/p>\n<p>The Offering was completed through a syndicate of underwriters led by RBC Capital Markets and Scotia Capital Inc.<\/p><\/blockquote>\n<p>This is a FixedReset 4.65%+207 <a href=\"http:\/\/www.prefblog.com\/?p=13587\">announced on January 17<\/a>.<\/p>\n<p>The issue traded 4,030 shares today in a range of 24.45-50 before closing at 24.35-50, 9&#215;125.<\/p>\n<p>Vital Statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>FN.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2041-01-25<br \/>\nMaturity Price  : 24.30<br \/>\nEvaluated at bid price : 24.35<br \/>\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>FN.PR.A will be tracked by HIMIPref&trade;, but relegated to the Scraps index on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>First National has announced: the closing of its previously announced offering of 4,000,000 Class A Preference Shares, Series 1 (the &#8220;Series 1 Shares&#8221;) for gross proceeds of $100,000,000 (the &#8220;Offering&#8221;). The net proceeds of the &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-13846","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/13846","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=13846"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/13846\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}