{"id":21118,"date":"2013-02-15T02:52:37","date_gmt":"2013-02-15T06:52:37","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=21118"},"modified":"2013-02-15T02:52:37","modified_gmt":"2013-02-15T06:52:37","slug":"baf-pr-e-good-premium-on-very-good-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=21118","title":{"rendered":"BAF.PR.E: Good Premium on Very Good Volume"},"content":{"rendered":"<p>Bell Aliant Inc. <a href=\"http:\/\/www.bellaliant.ca\/english\/news\/view_art.asp?id=2194\">has announced<\/a>:<\/p>\n<blockquote><p>that its subsidiary, Bell Aliant Preferred Equity Inc. (the &#8220;Company&#8221;), has closed the sale of 8,000,000 4.25 per cent Cumulative 5-Year Rate Reset Series E Preferred Shares (the &#8220;Series E Preferred Shares&#8221;) at a price of $25.00 per Series E Preferred Share for total gross proceeds of $200 million. This follows the Company&#8217;s previously announced bought deal public offering led by Scotiabank, TD Securities Inc, and CIBC. The Series E Preferred Shares begin trading on the TSX under the symbol &#8220;BAF.PR.E&#8221; today.<\/p><\/blockquote>\n<p>BAF.PR.E is a FixedReset, 4.25%+264, <a href=\"http:\/\/www.prefblog.com\/?p=20996\">announced January 30<\/a>. The announced issue size of $200-million implies that the greenshoe option for another $30-million was not exercised.<\/p>\n<p>The issue traded 908,461 shares today in a range of 25.12-50 before closing at 25.28-30, 3&#215;42. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>BAF.PR.E<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-02-14<br \/>\nMaturity Price  : 23.21<br \/>\nEvaluated at bid price : 25.28<br \/>\nBid-YTW : 3.94 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>BAF.PR.E will be tracked by HIMIPref&trade; but relegated to the Scraps index on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bell Aliant Inc. has announced: that its subsidiary, Bell Aliant Preferred Equity Inc. (the &#8220;Company&#8221;), has closed the sale of 8,000,000 4.25 per cent Cumulative 5-Year Rate Reset Series E Preferred Shares (the &#8220;Series E &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-21118","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/21118","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=21118"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/21118\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}