{"id":14166,"date":"2011-02-23T01:02:58","date_gmt":"2011-02-23T05:02:58","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=14166"},"modified":"2011-02-23T01:02:58","modified_gmt":"2011-02-23T05:02:58","slug":"ron-pr-a-achieves-premium-on-good-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=14166","title":{"rendered":"RON.PR.A Achieves Premium on Good Volume"},"content":{"rendered":"<p>Rona Inc. <a href=\"http:\/\/www.rona.ca\/content\/february-22-2011--rona-closes-$150-million-preferred-share-issue_2011_press-releases_investor-relations\">has announced<\/a>:<\/p>\n<blockquote><p> that it has closed its previously announced bought deal public offering of Cumulative 5 Year Rate Reset Series 6 Class A Preferred Shares (the \u201cSeries 6 Class A Preferred Shares\u201d) at a price of $25.00 per Series 6 Class A Preferred Share purchased by a syndicate of underwriters led by National Bank Financial Inc. and BMO Capital Markets, acting as joint bookrunners. The offering results in a total of 6,000,000 Series 6 Class A Preferred Shares being issued today by RONA for gross proceeds of $150,000,000. The underwriters have an over-allotment option to purchase up to an additional 900,000 Series 6 Class A Preferred Shares at a price of $25.00 per Series 6 Class A Preferred Share, exercisable for a period of 30 days from closing on the same terms and conditions as the offering. If the over-allotment option is exercised in full, the total gross proceeds to RONA will be $172,500,000.<\/p><\/blockquote>\n<p>RON.PR.A is a FixedReset, 5.25%+265, <a href=\"http:\/\/www.prefblog.com\/?p=13941\">announced February 1<\/a>. The issue traded 454,407 shares today in a range of 25.10-35 before closing at 25.13-15, 2&#215;3.<\/p>\n<p>Vital Statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>RON.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2016-04-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.13<br \/>\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>RON.PR.A will be tracked by HIMIPref&trade; but relegated to the Scraps index on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rona Inc. has announced: that it has closed its previously announced bought deal public offering of Cumulative 5 Year Rate Reset Series 6 Class A Preferred Shares (the \u201cSeries 6 Class A Preferred Shares\u201d) at &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-14166","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/14166","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=14166"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/14166\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}