Market News / Story
Partners Value Split Corp. (PVS.PR.H) Prices $125M Series 18 Preferreds at 5.30%
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Partners Value Split Corp. will sell 5.0M Class AA Preferred Shares, Series 18 at $25.00 for $125.0M, with a 5.30% fixed coupon and final maturity on Sep. 29, 2033. Underwriters have an option for up to 1.0M more shares. Material Details #DetailAI Analyst View1$125.0M Series 18 pref offeringIncreases funding capacity; impacts leverage and dividend coverage.2Price $25.00 per shareStandard par for Canadian prefs; sets initial yield math.3Coupon 5.30% fixedDetermines…