1 / 1

Time Step

EnCana Corp. – New Issue Timeline. $500 million 6.50% due 05/15/2019 Pricing Date: April 29, 2009. Time Step 8:44 AM Underwriters announce a new issue and alert investors via Bloomberg system and phone.

kosey
Télécharger la présentation

Time Step

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. EnCana Corp. – New Issue Timeline $500 million 6.50% due 05/15/2019 Pricing Date: April 29, 2009 TimeStep 8:44 AM Underwriters announce a new issue and alert investors via Bloomberg system and phone. Investors attempt to evaluate the issuer’s credit quality and prospectus terms. Investors submit an order without finalized pricing or terms before books are closed. 9:00 AM Offering goes subject and books are closed (i.e. orders of interest are no longer accepted) 16 minutes after deal announcement. 9:23 AM Price guidance, or an indicative pricing range, is announced. 9:30 AM After books are closed, documentation (preliminary prospectus) is provided to investors, which may include only a summary of key provisions in the indenture. 10:16 AM Deal is launched with final pricing and settlement terms which can differ meaningfully from price guidance. 1:15 PM Deal is priced.

More Related