{"id":23234,"date":"2013-10-02T19:56:56","date_gmt":"2013-10-02T23:56:56","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=23234"},"modified":"2013-10-02T19:56:56","modified_gmt":"2013-10-02T23:56:56","slug":"ppl-pr-c-weak-on-reasonable-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=23234","title":{"rendered":"PPL.PR.C Weak On Reasonable Volume"},"content":{"rendered":"<p>Pembina Pipeline Corporation <a href=\"http:\/\/pembina.mediaroom.com\/index.php?s=10336&#038;item=135210\">has announced<\/a>:<\/p>\n<blockquote><p> that it has closed its previously announced public offering of 6,000,000 cumulative redeemable rate reset class A preferred shares, series 3 (the &#8220;Series 3 Preferred Shares&#8221;) for aggregate gross proceeds of $150 million (the &#8220;Offering&#8221;).<\/p>\n<p>The Offering was first announced on September 23, 2013 when Pembina entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Scotiabank.<\/p>\n<p>Proceeds from the Offering will be used to partially fund capital projects, to reduce short-term indebtedness and for other general corporate purposes of the Company and its affiliates.<\/p>\n<p>The Series 3 Preferred Shares will begin trading on the Toronto Stock Exchange today under the symbol PPL.PR.C.<\/p><\/blockquote>\n<p>PPL.PR.C is a FixedReset, 4.70%+260 <a href=\"http:\/\/www.prefblog.com\/?p=23132\">announced September 23<\/a>. It will be tracked by HIMIPref&trade; but relegated to the Scraps index on credit concerns.<\/p>\n<p>The issue traded 232,472 shares today in a range of 24.44-54 before closing at 24.45-50, 16&#215;22. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>PPL.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-10-02<br \/>\nMaturity Price  : 22.94<br \/>\nEvaluated at bid price : 24.45<br \/>\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pembina Pipeline Corporation has announced: that it has closed its previously announced public offering of 6,000,000 cumulative redeemable rate reset class A preferred shares, series 3 (the &#8220;Series 3 Preferred Shares&#8221;) for aggregate gross proceeds &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-23234","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/23234","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=23234"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/23234\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}