Canadian Financing Bulletin

Canadian Financing Bulletin

December 06, 2010 15:44 ET

Canadian Financing Bulletin (CFB) Reports (CDN) $1,930m in Proposed and $3,011m Closed Financings for the Week of November 29 to December 03

Potash Corp. of Saskatchewan Inc. Raises US$1,000m in Bond Offering Led by Bank of America Merrill Lynch

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2010) - In this week's report, the CFB published term sheets for 113 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 89 were for mining stocks, 19 for oil/gas stocks, and five for technology stocks, with the total value of new proposals reaching over $1,930m. 41 of these placements were designated 'flow through' issuances and there was one new debenture offering. The largest new public proposal was by Husky Energy Inc. (HSE.TO), which launched an offering consisting of 28.9m shares prices at $24.50 for proceed of $708m in a placement led by RBC Capital Markets.

The CFB published term sheets for 123 placements that were closed during the week. Of these, 94 were for mining stocks, 19 for oil/gas, and 10 for technology stocks, with the total value of these closings being almost $3,011m. 26 of these placements were designated 'flow through' issuances and three new debentures placement closed. The largest public closing was by Potash Corp. of Saskatchewan Inc. (POT.TO) which issued US$1,000m of bonds in a placement led by Bank of America Merrill Lynch.

The CFB also tracked 15 amendments to placements and 9 overallotments, published at the end of the weekly report. To date, there have been 323 weekly reports created by CFB; backdated reports can be obtained by subscribers.

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Since CFB began offering its weekly report over five years ago, it has developed other more wide reaching reports that have now been published. Our quarterly and year-in-review reports provide charts, graphs and other comparative tables that exhibit sophisticated capital market intelligence. The data in these reports has been read by thousands of executives, investment advisors, fund managers, and investors from around the world. CFB has also recently begun offering specialized monthly reports, focusing on individual segments within the sectors CFB covers (i.e., gold, uranium, oil, etc.) To date, there have been 160 reports created by CFB; several of these reports are currently posted on the CFB website.

As one can see, CFB offers an important perspective into Canadian capital markets. These markets play a crucial role in the financing of companies active worldwide in various business sectors, specifically for natural resources exploration and development. Canada maintains a leadership role due to a number of factors:

  • A history of significant natural resources;
  • Efficient and transparent capital markets;
  • Strong backing from the investment community; and
  • Regional clusters of the world's most innovative, organized and aggressive exploration and development personnel, in cities like Vancouver, Calgary and Toronto.

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