{"id":9471,"date":"2010-01-20T19:51:52","date_gmt":"2010-01-20T23:51:52","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=9471"},"modified":"2010-01-20T19:51:52","modified_gmt":"2010-01-20T23:51:52","slug":"aerpra-settles-at-slight-premium-on-good-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=9471","title":{"rendered":"AER.PR.A Settles at Slight Premium on Good Volume"},"content":{"rendered":"<p>Groupe Aeroplan <a href=\"http:\/\/www.groupeaeroplan.com\/PDFS\/PDF_News\/Jan%2020%20release%20-%20FINAL%20EN.pdf\">has announced<\/a>:<\/p>\n<blockquote><p>that it has closed its previously announced bought deal public offering of 6,000,000 cumulative rate reset preferred shares, Series 1 (the &#8220;Series 1 Preferred Shares&#8221;) for gross proceeds of C$150 million, purchased by a syndicate of underwriters led by CIBC, RBC Dominion Securities Inc. and TD Securities Inc., acting as co-Bookrunners.<\/p>\n<p>Groupe Aeroplan Inc. has also granted the underwriters an option to purchase up to an additional 900,000 Series 1 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 Groupe Aeroplan Inc. will be C$172.5 million.<\/p>\n<p>The net proceeds of the issue will be used by Groupe Aeroplan Inc. to repay indebtedness, and for general corporate purposes.<\/p><\/blockquote>\n<p>This is the FixedReset 6.50%+375 issue <a href=\"http:\/\/www.prefblog.com\/?p=9368\">announced January 12<\/a>.<\/p>\n<p>The issue traded 279,498 shares on the TMX in a range of 24.86-22 before closing at 25.09-10, 4&#215;9.<\/p>\n<p>Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>AER.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-01-20<br \/>\nMaturity Price  : 25.04<br \/>\nEvaluated at bid price : 25.09<br \/>\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>AER.PR.A is tracked by HIMIPref&trade; but is relegated to the Scraps subindex on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Groupe Aeroplan has announced: that it has closed its previously announced bought deal public offering of 6,000,000 cumulative rate reset preferred shares, Series 1 (the &#8220;Series 1 Preferred Shares&#8221;) for gross proceeds of C$150 million, &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-9471","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/9471","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=9471"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/9471\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}