{"id":2926,"date":"2008-09-09T20:27:09","date_gmt":"2008-09-10T00:27:09","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2926"},"modified":"2008-09-09T20:27:09","modified_gmt":"2008-09-10T00:27:09","slug":"bnsprr-settles-in-on-big-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2926","title":{"rendered":"BNS.PR.R Settles in on Big Volume"},"content":{"rendered":"<p>Scotiabank <a href=\"http:\/\/micro.newswire.ca\/release.cgi?rkey=1609099917&#038;view=85223-0&#038;Start=0\">has announced<\/a>:<\/p>\n<blockquote><p>that it has completed the domestic offering of 12 million, non-cumulative 5-year rate reset preferred shares Series 22 (the &#8220;Preferred Shares Series 22&#8221;) at a price of $25.00 per share. The gross proceeds of the offering were $300 million.<\/p>\n<p>The offering was made through a syndicate of investment dealers led by Scotia Capital Inc. The Preferred Shares Series 22 commence trading on the Toronto Stock Exchange today under the symbol BNS.PR.R.<\/p><\/blockquote>\n<p>I was somewhat surprised to see that the issue size was $300-million, since the <a href=\"http:\/\/www.prefblog.com\/?p=2676\">original announcement<\/a> was for $200-million with a $50-million greenshoe, but <a href=\"http:\/\/www.sedar.com\">SEDAR<\/a> reveals (&#8220;Bank of Nova Scotia, The&#8221;, &#8220;August 27, 2008&#8221;, &#8220;Underwriting or Agency Agreement&#8221;):<\/p>\n<blockquote><p>The Bank now wishes to offer to the Underwriters, and the Underwriters now wish to purchase from the Bank, an additional 4,000,000 Preferred Shares Series 22 at a price of $25.00 per Preferred Share Series 22.<\/p><\/blockquote>\n<p>So it would appear they had no trouble at all getting it off the shelf!<\/p>\n<p>The issue traded 782,940 shares today in a range of 24.86-00, closing at 24.97-99, 100&#215;400.<\/p>\n<p>BNS.PR.R has been added to the HIMIPref&trade; Fixed-Reset Index.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scotiabank has announced: that it has completed the domestic offering of 12 million, non-cumulative 5-year rate reset preferred shares Series 22 (the &#8220;Preferred Shares Series 22&#8221;) at a price of $25.00 per share. The 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-2926","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2926","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=2926"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2926\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}