{"id":19966,"date":"2012-10-12T02:15:23","date_gmt":"2012-10-12T06:15:23","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=19966"},"modified":"2012-10-12T02:15:23","modified_gmt":"2012-10-12T06:15:23","slug":"gwo-pr-r-firm-on-ok-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=19966","title":{"rendered":"GWO.PR.R Firm on OK Volume"},"content":{"rendered":"<p>Great-West Lifeco Inc. <a href=\"http:\/\/www.greatwestlifeco.com\/web5\/groups\/common\/@public\/documents\/web_content\/s7_028851.pdf\">has announced<\/a>:<\/p>\n<blockquote><p>the completion of its offering of 8,000,000 Non-Cumulative First Preferred Shares, Series R through a syndicate of underwriters co-led by BMO Capital Markets, RBC Capital Markets, and Scotiabank for gross proceeds of $200 million. The Series R Shares will be posted for trading on the Toronto Stock Exchange under the symbol &#8220;GWO.PR.R&#8221;. <\/p><\/blockquote>\n<p>GWO.PR.R is a Straight Perpetual, 4.80%, <a href=\"http:\/\/www.prefblog.com\/?p=19897\">announced October 3<\/a>. As it is issued by an Insurance Holding Company and does not have a <a href=\"http:\/\/www.prefblog.com\/?p=13995\">NVCC clause<\/a>, it is considered to be a DeemedRetractible and a maturity entry &#8211; justified only by my analysis, not by anything in the prospectus &#8211; has been added to the options table, at par, effective 2022-1-31. The issue will be tracked by HIMIPref&trade; and assigned to the DeemedRetractible index.<\/p>\n<p>The issue traded 332,564 shares today in a range of 24.97-00, closing at 24.99-00, 1&#215;338. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>GWO.PR.R<\/td>\n<td>Deemed-Retractible<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.99<br \/>\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Great-West Lifeco Inc. has announced: the completion of its offering of 8,000,000 Non-Cumulative First Preferred Shares, Series R through a syndicate of underwriters co-led by BMO Capital Markets, RBC Capital Markets, and Scotiabank for gross &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-19966","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/19966","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=19966"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/19966\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}