{"id":8128,"date":"2009-10-02T20:12:28","date_gmt":"2009-10-03T00:12:28","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=8128"},"modified":"2009-10-02T20:12:28","modified_gmt":"2009-10-03T00:12:28","slug":"gwoprl-has-poor-opening-day","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=8128","title":{"rendered":"GWO.PR.L Has Poor Opening Day"},"content":{"rendered":"<p>Great-West Lifeco <a href=\"http:\/\/www.greatwestlifeco.com\/web5\/groups\/common\/@public\/documents\/web_content\/s7_009336.pdf\">has announced<\/a>:<\/p>\n<blockquote><p>the closing of its previously announced offering of Non-Cumulative First Preferred Shares, Series L. Following the successful sale of the initially announced offering of 6,000,000 Series L Shares, the underwriters of the offering exercised their option to purchase an additional 800,000 Series L Shares, resulting in the Company issuing today 6,800,000 Series L Shares to raise gross proceeds of $170 million. The net proceeds will be used by the Company for general corporate purposes and to augment the Company&#8217;s current liquidity position.<\/p>\n<p>The offering was made through a syndicate of underwriters co-led by BMO Capital Markets, CIBC and Scotia Capital Inc. The shares will be posted for trading on the Toronto Stock Exchange under the symbol &#8220;GWO.PR.L&#8221;.<\/p><\/blockquote>\n<p>The issue was <a href=\"http:\/\/www.prefblog.com\/?p=8006\">announced last week<\/a> and was priced very tight to market.<\/p>\n<p>The issue traded 148,165 shares in arange of 24.45-60 before closing at 24.50-75, 18&#215;60. Vital Statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>GWO.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>148,165<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-10-02<br \/>\nMaturity Price  : 24.30<br \/>\nEvaluated at bid price : 24.50<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>GWO.PR.L is tracked by HIMIPref&trade;. It has been added to the PerpetualDiscount subindex.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Great-West Lifeco has announced: the closing of its previously announced offering of Non-Cumulative First Preferred Shares, Series L. Following the successful sale of the initially announced offering of 6,000,000 Series L Shares, the underwriters of &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-8128","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8128","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=8128"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8128\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}