{"id":7830,"date":"2009-09-08T11:02:31","date_gmt":"2009-09-08T15:02:31","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=7830"},"modified":"2009-09-08T11:02:31","modified_gmt":"2009-09-08T15:02:31","slug":"new-issue-ypg-fixedreset-675417","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=7830","title":{"rendered":"New Issue: YPG FixedReset 6.75%+417"},"content":{"rendered":"<p>Issue: YPG Holdings Inc. Cumulative Rate Reset Preferred Shares, Series 3<\/p>\n<p>Size: 6-million shares (=$150-million) + greenshoe 0.9-million shares ($22.5-million)<\/p>\n<p>Dividend: 6.75% (= $1.6875) p.a. until first Exchange Eate, then resets to 5-Year Canadas +417bp. First Dividend payable 2009-12-29 for $0.44846, assuming closing 2009-9-23. Dividends are cumulative.<\/p>\n<p>Exchange Dates: 2014-9-30 and every five years thereafter.<\/p>\n<p>Exchangeable: Every Exchange Date, to and from Series 4 Floaters, which pay 3-month bills +417bp, reset quarterly.<\/p>\n<p>Redeemable: Every Exchange Date at 25.00. Series 4 are also redeemable at $25.50 at all other times.<\/p>\n<p>Retraction: None.<\/p>\n<p>Closing: 2009-9-23<\/p>\n<p><b>Update<\/b>: I have been advised that the deal size has been increased to 7.5-million shares (=$187.5-million) + greenshoe 1.125-million shares (=$28.125-million).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Issue: YPG Holdings Inc. Cumulative Rate Reset Preferred Shares, Series 3 Size: 6-million shares (=$150-million) + greenshoe 0.9-million shares ($22.5-million) Dividend: 6.75% (= $1.6875) p.a. until first Exchange Eate, then resets to 5-Year Canadas +417bp. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-7830","post","type-post","status-publish","format-standard","hentry","category-new-issues"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7830","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=7830"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7830\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}