{"id":32847,"date":"2016-04-01T03:56:41","date_gmt":"2016-04-01T08:56:41","guid":{"rendered":"http:\/\/prefblog.com\/?p=32847"},"modified":"2016-04-01T03:56:41","modified_gmt":"2016-04-01T08:56:41","slug":"hse-pr-b-listed-13-conversion-from-hse-pr-a-no-trading-wide-spread","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32847","title":{"rendered":"HSE.PR.B Listed; 13% Conversion from HSE.PR.A; No Trading; Wide Spread"},"content":{"rendered":"<p>Husky Energy <a href=\"http:\/\/www.huskyenergy.com\/news\/release.asp?release_id=2044951\">has announced<\/a>:<\/p>\n<blockquote><p> that more than one million of its 12,000,000 Cumulative Redeemable Preferred Shares, Series 1 (Series 1 Shares) have been elected for conversion on a one-for-one basis into Cumulative Redeemable Preferred Shares, Series 2 (Series 2 Shares), effective March 31, 2016.<\/p>\n<p>As of March 31, 2016, Husky Energy will have 10,435,932 Series 1 Shares and 1,564,068 Series 2 Shares issued and outstanding. The Series 1 Shares are listed on the Toronto Stock Exchange under the symbol HSE.PR.A and the Series 2 Shares are listed under HSE.PR.B.<\/p><\/blockquote>\n<p>HSE.PR.B will pay <a href=\"http:\/\/prefblog.com\/?p=32542\">3-Month bills +173bp<\/a> paid on par value, reset quarterly.<\/p>\n<p>There was no trading of the issue. Given the wide spread of the closing quote of 8.80-12.00, 1&#215;1, any sort of price comparison with HSE.PR.A and other FloatingResets must await a tighter market.<\/p>\n<p>For what it&#8217;s worth (not much), vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>HSE.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-31<br \/>\nMaturity Price  : 10.30<br \/>\nEvaluated at bid price : 10.30<br \/>\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.B<\/td>\n<td>FloatingReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-31<br \/>\nMaturity Price  : 8.80<br \/>\nEvaluated at bid price : 8.80<br \/>\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Husky Energy has announced: that more than one million of its 12,000,000 Cumulative Redeemable Preferred Shares, Series 1 (Series 1 Shares) have been elected for conversion on a one-for-one basis into Cumulative Redeemable Preferred Shares, &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-32847","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32847","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=32847"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32847\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}