{"id":8125,"date":"2009-10-02T20:15:00","date_gmt":"2009-10-03T00:15:00","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=8125"},"modified":"2009-10-02T20:15:00","modified_gmt":"2009-10-03T00:15:00","slug":"tclprd-closes-soft-on-ho-hum-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=8125","title":{"rendered":"TCL.PR.D Closes Soft on Ho-Hum Volume"},"content":{"rendered":"<p>Transcontinental <a href=\"http:\/\/www.transcontinental.com\/en\/5-news-centre\/09-10-02.html\">has announced<\/a>:<\/p>\n<blockquote><p>that it has closed its previously announced bought deal public offering of 4,000,000 cumulative 5-year rate reset first preferred shares, series D (the \u201cSeries D Preferred Shares\u201d) for gross proceeds of $100 million, purchased by a syndicate of underwriters led by Scotia Capital Inc. and CIBC World Markets Inc., acting as joint book-runners.<\/p>\n<p>Transcontinental has also granted the underwriters an option to purchase up to 600,000 additional Series D Preferred Shares to cover over-allotments, exercisable in whole or in part at any time up to 30 days following closing of the offering. If the over-allotment option is exercised in full, the aggregate gross proceeds to Transcontinental will be $115 million.<\/p><\/blockquote>\n<p>The issue <a href=\"http:\/\/www.prefblog.com\/?p=7954\">was announced<\/a> September 21 and marks a continuance of the recent flood of low credit quality FixedResets.<\/p>\n<p>The issue traded 230,450 shares in a range of 24.80-90 before closing at 24.80-83, 7&#215;8.<\/p>\n<p>Vital Statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>TCL.PR.D<\/td>\n<td>Scraps<br \/>(FixedReset)<\/td>\n<td>230,450<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-10-02<br \/>\nMaturity Price  : 24.75<br \/>\nEvaluated at bid price : 24.80<br \/>\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>TCL.PR.D is tracked by HIMIPref&trade;. It has been added to the Scraps subindex due to credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transcontinental has announced: that it has closed its previously announced bought deal public offering of 4,000,000 cumulative 5-year rate reset first preferred shares, series D (the \u201cSeries D Preferred Shares\u201d) for gross proceeds of $100 &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-8125","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8125","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=8125"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8125\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}