{"id":24000,"date":"2013-12-13T19:26:52","date_gmt":"2013-12-14T00:26:52","guid":{"rendered":"http:\/\/prefblog.com\/?p=24000"},"modified":"2013-12-13T19:26:52","modified_gmt":"2013-12-14T00:26:52","slug":"ala-pr-e","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24000","title":{"rendered":"ALA.PR.E Firm On Good Volume"},"content":{"rendered":"<p>AltaGas Ltd. <a href=\"http:\/\/altagas.mwnewsroom.com\/press-releases\/altagas-ltd-announces-closing-of-200-million-preferred-share-offering-tsx-ala-201312130917586001\">has announced<\/a>:<\/p>\n<blockquote><p>it has closed its previously announced public offering of 8,000,000 Cumulative Redeemable Rate Reset Preferred Shares, Series E (the &#8220;Series E Preferred Shares&#8221;), at a price of $25.00 per Series E Preferred Share (&#8220;the Offering&#8221;) for aggregate gross proceeds of $200 million, including 2,000,000 Series E Preferred Shares pursuant to the exercise in full of an underwriters&#8217; option.<\/p>\n<p>The Offering was first announced on December 4, 2013 when AltaGas entered into an agreement with a syndicate of underwriters co-led by TD Securities Inc., RBC Capital Markets and Scotiabank.<\/p>\n<p>Net proceeds will be used to reduce outstanding indebtedness and for general corporate purposes.<\/p>\n<p>The Series E Preferred Shares will commence trading today on the Toronto Stock Exchange (&#8220;TSX&#8221;) under the symbol ALA.PR.E.<\/p><\/blockquote>\n<p>ALA.PR.E is a FixedReset, 5.00%+317, <a href=\"http:\/\/prefblog.com\/?p=23753\">announced December 4<\/a>. The issue will be tracked by HIMIPref&trade; but relegated to the Scraps index on credit concerns.<\/p>\n<p>The issue traded 430,453 shares today in a range of 24.69-00 before closing at 25.00-02, 7&#215;15.<\/p>\n<p>Vital Statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>ALA.PR.E<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-12-13<br \/>\nMaturity Price  : 23.16<br \/>\nEvaluated at bid price : 25.00<br \/>\nBid-YTW : 4.91 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>AltaGas Ltd. has announced: it has closed its previously announced public offering of 8,000,000 Cumulative Redeemable Rate Reset Preferred Shares, Series E (the &#8220;Series E Preferred Shares&#8221;), at a price of $25.00 per 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-24000","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24000","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=24000"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24000\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}