Sun Life Financial Inc. has successfully completed a domestic offering of $250 million of preferred shares, the company said Wednesday.The Class A Non-Cumulative 5-Year Rate Reset Preferred Shares Series 6R were offered at a price of $25 per share and yield 6% annually. The offering, initially for $200 million of Series 6R Shares, was increased […]
Series 6R Shares to yield 6% annually
Series AX shares to yield 6.1% annually
Review prompted by methodology change
HSBC Bank Canada has completed its $250 million offering of preferred shares, the bank said Wednesday.The 10 million Non-Cumulative 5-Year Rate Reset Class 1 Preferred Shares Series E were issued at a price of $25 a share. The offering was made through a syndicate of underwriters led by HSBC Securities (Canada) Inc. and Scotia Capital […]
HSBC Bank Canada intends to file an amended and restated prospectus supplement for the previously announced offering of Non-Cumulative 5-Year Rate Reset Class 1 Preferred Shares Series E, the bank said Wednesday.The amendment is a result of ratings action announced on March 31 by Standard and Poor’s on the hybrid capital securities of over 60 […]
A group of underwriters have exercised its option in full to purchase an additional 3 million preferred shares of Toronto-Dominion Bank, the bank said Tuesday.The non-cumulative 5-Year Rate Reset Class A Preferred Shares, Series AK carry a face value of $25 a share.This brings the total issue announced on March 26, and expected to close […]
Series AK shares to yield 6.25% annually
Series AK to yield 6.25% annually
Expected closing date is April 1