Published on 12/3/2003 in the Prospect News High Yield Daily.
New Issue: Hudson's Bay sells C$120 million 4.5-year notes to yield 7½%
By Paul A. Harris
St. Louis, Dec. 3 - Hudson's Bay Co. priced C$120 million of unsecured medium-term notes due June 15, 2007 (BB+) at par to yield 7½%, according to a Wednesday press release.
Underwriter Scotia Capital led the deal. Other underwriters included CIBC World Markets, RBC Capital Markets, BMO Nesbitt Burns Inc., National Bank Financial, TD Securities and HSBC Securities (Canada) Inc.
The issuer is a Toronto-based department store retailer.
Issuer: | Hudson's Bay Co.
|
Amount: | C$120 million
|
Maturity: | June 15, 2007
|
Security description: | Unsecured medium-term notes
|
Coupon: | 7½%
|
Price: | Par
|
Yield: | 7½%
|
Rating: | S&P: BB+
|
Lead underwriter: | Scotia Capital
|
Underwriters: | CIBC World Markets, RBC Capital Markets, BMO Nesbitt Burns Inc., National Bank Financial, TD Securities, HSBC Securities (Canada) Inc.
|
Settlement date: | Dec. 10, 2003
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.