Morguard Announces $175 Million Offering of 9.5% Series H Senior Unsecured Debentures

Friday, 22 September 2023, 04:53:00
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / MISSISSAUGA, ON , Sept. 21, 2023 /CNW/ – Morguard Corporation (“Morguard”) (TSX: MRC ) announced today that it has agreed to issue $175 million aggregate principal amount of series H senior unsecured debentures. These debentures will bear interest at a rate of 9.5% per annum and will mature on September 26, 2026 . The anticipated closing date of the transaction is September 26, 2023 . The debentures are being offered through a syndicate of underwriters co-led by RBC Capital Markets, TD Securities and Scotiabank, with RBC Capital Markets and TD Securities acting as joint bookrunners. DBRS Morningstar has assigned a provisional rating of “BB (high)” with a “Stable” trend relating to the debentures. The net proceeds of the offering will be used towards the repayment on maturity of the $175 million principal amount of Morguard”s 4.402% Series G senior unsecured debentures due September 28, 2023 . The offering is being made on a private placement basis in each of the provinces of Full story available on Benzinga.
— Benzinga

A “dovish hike” a la ECB would pressure the GBP – Scotiabank

Monday, 18 September 2023, 17:22:06
The post A “dovish hike” a la ECB would pressure the GBP – Scotiabank appeared on BitcoinEthereumNews.com . GBP/USD remains relatively soft in the low 1.24 area. Economists at Scotiabank analyze the pair’s outlook. Markets eye BoE decision UK markets have a fair bit to contend with this…
— Bitcoin Ethereum News

BoE: A “dovish hike” a la ECB would pressure the GBP – Scotiabank

Monday, 18 September 2023, 13:59:17
Read more on https://www.fxstreet.com
— FXStreet

Scotiabank is Barbados’ Best Consumer Digital Bank

Friday, 15 September 2023, 16:00:23
Scotiabank has been named Barbados’ Best Consumer Digital Bank 2023 by Global Finance (New York) for the third consecutive year. Also for the first time, Global Finance has awarded the bank in the sub-category of Best Mobile Banking App in the country. Managing Director, Scotiabank Barbados Suzette Armoogam-Shah said the financial institution was “pleased to […] The post Scotiabank is Barbados’ Best Consumer Digital Bank appeared first on Barbados Today .
— Barbados Today

Scotiabank: The 6.4% Yield Is A Gift For Dividend Investors

Thursday, 14 September 2023, 14:30:00
Scotiabank has a sizable footprint in emerging growth Latin American countries. See why I think BNS stock remains a quality high-yielding pick.
— Seeking Alpha