GWO.PR.P Firm on Good Volume

Great West Lifeco has announced:

the closing of its previously announced offering of 10,000,000 Non-Cumulative First Preferred Shares, Series P (the “Series P Shares”) through a syndicate of underwriters co-led by BMO Capital Markets, RBC Capital Markets, and Scotiabank for gross proceeds of $250 million. The Series P Shares will be posted for trading on the Toronto Stock Exchange under the symbol “GWO.PR.P”.

GWO.PR.P is a Straight Perpetual, coupon 5.40%, announced February 10.

The issue traded 648,620 shares today in a range of 24.95-09 before closing at 25.01-03, 24×21. This issue will be tracked by HIMIPref™ and assigned to the DeemedRetractibles index. Vital statistics are:

GWO.PR.P Deemed-Retractible YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 25.01
Bid-YTW : 5.43 %

This entry was posted on Wednesday, February 22nd, 2012 at 10:27 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “GWO.PR.P Firm on Good Volume”

  1. March 1, 2012 « PrefBlog says:
    March 2, 2012 at 1:01 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.80 Bid-YTW : 5.03 % […]

  2. February 27, 2012 « PrefBlog says:
    March 3, 2012 at 10:48 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.52 Bid-YTW : 5.17 % […]

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