{"id":33634,"date":"2016-09-13T02:43:29","date_gmt":"2016-09-13T07:43:29","guid":{"rendered":"http:\/\/prefblog.com\/?p=33634"},"modified":"2016-09-13T02:43:29","modified_gmt":"2016-09-13T07:43:29","slug":"w-pr-m-closes-at-premium-on-excellent-volume-belated-post","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=33634","title":{"rendered":"W.PR.M Closes At Premium On Excellent Volume (Belated Post)"},"content":{"rendered":"<p>This issue actually settled on August 30, but I neglected to post.<\/p>\n<p>Westcoast Energy Inc. <a href=\"http:\/\/www.spectraenergy.com\/Newsroom\/News-Archive\/Westcoast-Energy-Inc-Announces-Closing-of-Preferred-Share-Issue-1\/\">has announced<\/a>:<\/p>\n<blockquote><p> that it has closed its previously announced offering of 12,000,000 Cumulative 5-Year Minimum Rate Reset Redeemable First Preferred Shares, Series 12 (the &#8220;Series 12 First Preferred Shares&#8221;) at a price of $25.00 per Series 12 First Preferred Share for aggregate gross proceeds of $300,000,000. The offering was made through a syndicate of underwriters led by TD Securities Inc. and CIBC Capital Markets.<\/p>\n<p>The proceeds are expected to be used to fund capital expenditures and for general corporate purposes.<\/p>\n<p>The Series 12 First Preferred Shares will begin trading on the Toronto Stock Exchange today under the symbol \u201cW.PR.M\u201d.<\/p><\/blockquote>\n<p>W.PR.M will be tracked by HIMIPref&trade;; it has been assigned to the FixedResets subindex.<\/p>\n<p>The issue traded 1,764,113 in a range of 25.23-34 before closing at 25.29-32.<\/p>\n<p>Vital statistics on August 30 were:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>W.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-10-15<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.29<br \/>\nBid-YTW : 4.98 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This issue actually settled on August 30, but I neglected to post. Westcoast Energy Inc. has announced: that it has closed its previously announced offering of 12,000,000 Cumulative 5-Year Minimum Rate Reset Redeemable First Preferred &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-33634","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33634","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=33634"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33634\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}