{"id":29372,"date":"2015-06-09T21:25:30","date_gmt":"2015-06-10T02:25:30","guid":{"rendered":"http:\/\/prefblog.com\/?p=29372"},"modified":"2015-06-09T21:25:30","modified_gmt":"2015-06-10T02:25:30","slug":"l-pr-b-firm-on-decent-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=29372","title":{"rendered":"L.PR.B Firm On Decent Volume"},"content":{"rendered":"<p>Loblaw Companies Limited <a href=\"http:\/\/www.loblaw.ca\/English\/Media-Centre\/news-releases\/news-release-details\/2015\/Loblaw-Companies-Limited---Closing-of-Preferred-Share-Offering\/default.aspx\">has announced<\/a>:<\/p>\n<blockquote><p> the completion today of the sale of 9 million cumulative Second Preferred Shares, Series B (the &#8220;Preferred Shares Series B&#8221;), to yield 5.30% per annum, to a syndicate of underwriters co-led by RBC Capital Markets, Scotiabank and TD Securities Inc. The aggregate gross proceeds of the sale were $225 million. The Preferred Shares Series B have been listed and posted to trade on the Toronto Stock Exchange under the symbol &#8220;L.PR.B&#8221;.<\/p><\/blockquote>\n<p>L.PR.B is a 5.30% Straight Perpetual <a href=\"http:\/\/prefblog.com\/?p=29273\">announced June 2<\/a>. It will be tracked by HIMIPref&trade; but relegated to the Scraps index on credit concerns.<\/p>\n<p>The issue traded 765,451 shares today (consolidated exchanges) in a range of 24.87-97 before closing at 24.92-95. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>L.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-06-09<br \/>\nMaturity Price  : 24.53<br \/>\nEvaluated at bid price : 24.92<br \/>\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Loblaw Companies Limited has announced: the completion today of the sale of 9 million cumulative Second Preferred Shares, Series B (the &#8220;Preferred Shares Series B&#8221;), to yield 5.30% per annum, to a syndicate of underwriters &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-29372","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/29372","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=29372"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/29372\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}