{"id":48391,"date":"2017-05-18T21:36:00","date_gmt":"2017-05-19T01:36:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48391"},"modified":"2025-07-24T11:09:44","modified_gmt":"2025-07-24T15:09:44","slug":"gwo-pr-t-firm-on-good-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48391","title":{"rendered":"GWO.PR.T Firm On Good Volume"},"content":{"rendered":"<p>Great-West Lifeco Inc. <a href=\"https:\/\/www.greatwestlifeco.com\/news-events\/news\/great-west-lifeco-completes-offering-of-preferred-shares1.html\">has announced<\/a>:<\/p>\n<blockquote>\n<p> the completion of its offering of 8,000,000 5.15% Non-Cumulative First Preferred Shares, Series T through a syndicate of underwriters co-led by BMO Capital Markets, CIBC Capital Markets, Scotiabank and TD Securities Inc. for gross proceeds of $200 million. The Series T Shares will be listed for trading on the Toronto Stock Exchange under the symbol \u201cGWO.PR.T\u201d.<\/p>\n<\/blockquote>\n<p>GWO.PR.T is a Straight Perpetual, 5.15%, <a href=\"https:\/\/prefblog.com\/?p=34799\">announced 2017-05-09<\/a>. The issue will be tracked by HIMIPref&trade; and has been assigned to the DeemedRetractible subindex.<\/p>\n<p>As this issue is not NVCC compliant, it will be <a href=\"https:\/\/prefblog.com\/?p=34667\">analyzed as a DeemedRetractible<\/a>. <\/p>\n<p>The issue traded 837,263 shares in a range of 24.95-05 before closing at 24.95-96. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>GWO.PR.T<\/td>\n<td>Deemed-Retractible<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.95<br \/>\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>There has been a little flattening in the curve (i.e., a decline of Implied Volatility) in the <a href=\"https:\/\/prefblog.com\/?p=32212\">Implied Volatility for Straights analysis<\/a>:<\/p>\n<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2017\/05\/impVol_GWO_170518.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2017\/05\/impVol_GWO_170518-300x247.jpg\" alt=\"impvol_gwo_170518\" width=\"400\" height=\"329\" class=\"alignnone size-medium wp-image-34864\" ><\/a><br \/><i>Click for Big<\/i><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Great-West Lifeco Inc. has announced: the completion of its offering of 8,000,000 5.15% Non-Cumulative First Preferred Shares, Series T through a syndicate of underwriters co-led by BMO Capital Markets, CIBC Capital Markets, Scotiabank and TD &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-48391","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48391","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=48391"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48391\/revisions"}],"predecessor-version":[{"id":48392,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48391\/revisions\/48392"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}