{"id":30656,"date":"2015-09-25T04:17:33","date_gmt":"2015-09-25T09:17:33","guid":{"rendered":"http:\/\/prefblog.com\/?p=30656"},"modified":"2015-09-25T04:17:33","modified_gmt":"2015-09-25T09:17:33","slug":"cu-pr-i-firm-on-excellent-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=30656","title":{"rendered":"CU.PR.I Firm On Excellent Volume"},"content":{"rendered":"<p>Canadian Utilities Limited <a href=\"http:\/\/canadianutilities.mwnewsroom.com\/Files\/19\/19c36079-684e-4ea4-9bcc-946b7e49d7c5.pdf\">has announced<\/a>:<\/p>\n<blockquote><p>it has closed its previously announced public offering of Cumulative Redeemable Second Preferred Shares Series FF, by a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets, and including TD Securities Inc., Scotiabank, CIBC, Canaccord Genuity Corp., and GMP Securities L.P. Canadian Utilities Limited issued 10,000,000 Series FF Preferred Shares for gross proceeds of $250,000,000. The Series FF Preferred Shares will begin trading on the TSX today under the symbol CU.PR.I. The proceeds will be used for capital expenditures, to repay indebtedness and for other general corporate purposes.<\/p><\/blockquote>\n<p>CU.PR.I is a FixedReset, 4.50%+369M450, <a href=\"http:\/\/prefblog.com\/?p=30511\">announced September 14<\/a>. It will be tracked by HIMIPref&trade; and has been assigned to the FixedReset subindex.<\/p>\n<p>The issue traded 973,025 shares today (consolidated exchanges) in a range of 24.97-19 before closing at 25.08-12, 24&#215;26. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>CU.PR.I<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-09-24<br \/>\nMaturity Price  : 23.18<br \/>\nEvaluated at bid price : 25.08<br \/>\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Canadian Utilities Limited has announced: it has closed its previously announced public offering of Cumulative Redeemable Second Preferred Shares Series FF, by a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets, &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-30656","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/30656","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=30656"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/30656\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}