{"id":23421,"date":"2013-10-22T00:08:55","date_gmt":"2013-10-22T04:08:55","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=23421"},"modified":"2013-10-22T00:08:55","modified_gmt":"2013-10-22T04:08:55","slug":"vsn-pr-c-soft-on-good-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=23421","title":{"rendered":"VSN.PR.C Soft On Good Volume"},"content":{"rendered":"<p>Veresen Inc. <a href=\"http:\/\/www.vereseninc.com\/veresen-announces-closing-of-150-million-preferred-share-offering\/\">has announced<\/a>:<\/p>\n<blockquote><p> that it has closed its previously announced bought deal offering of 6,000,000 Cumulative Redeemable Preferred Shares, Series C (the &#8220;Series Preferred Shares&#8221;) at a price of $25.00 per share representing aggregate gross proceeds of $150,000,000 (the &#8220;Offering&#8221;).<\/p>\n<p>The Offering was first announced by Veresen on October 9, 2013 when Veresen entered into an agreement with a syndicate of underwriters co-lead by Scotiabank, TD Securities Inc. and CIBC.<\/p>\n<p>Proceeds from the Offering will be used to reduce indebtedness and for general corporate purposes.<\/p>\n<p>The Series C Preferred Shares have been rated Pfd-3 (High) by DBRS Limited and P-3 (High) by Standard &#038; Poor&#8217;s, a division of The McGraw Hill Companies, Inc.<\/p>\n<p>The Series C Preferred Shares will begin trading on the Toronto Stock Exchange today under the symbol &#8220;VSN.PR.C&#8221;.<\/p><\/blockquote>\n<p>VSN.PR.C is a FixedReset, 5.00%+301 <a href=\"http:\/\/www.prefblog.com\/?p=23322\">announced October 9<\/a>. It has been <a href=\"http:\/\/www.dbrs.com\/research\/261858\/dbrs-assigns-rating-of-pfd-3-high-to-veresen-inc-s-series-c-preferred-shares-stable-trend.html\">rated Pfd-3(high) [Stable] by DBRS<\/a>; it will be tracked by HIMIPref&trade; but relegated to the Scraps index on credit concerns.<\/p>\n<p>The issue traded 259,016 shares today in a range of 24.60-88 before closing at 24.70-82, 4&#215;48.<\/p>\n<p>Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>VSN.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-10-21<br \/>\nMaturity Price  : 23.03<br \/>\nEvaluated at bid price : 24.70<br \/>\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Veresen Inc. has announced: that it has closed its previously announced bought deal offering of 6,000,000 Cumulative Redeemable Preferred Shares, Series C (the &#8220;Series Preferred Shares&#8221;) at a price of $25.00 per share representing aggregate &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-23421","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/23421","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=23421"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/23421\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}