Guangdong Electric Power Development (SHE:000539) controlling shareholder Guangdong Energy Group's stake in the company decreased following the conversion of bonds into 58.3 million shares.
The shareholding of Guangdong Energy Group, along with Guangdong Electric Power Development and Guangdong Energy International Investment, fell to 68.3% from 69.41% as a result of the conversion.
Shares fell 5% during the midday break on Friday.
3:00 Thursday vs 3:00 Wednesday2yr 99-30 vs 99-29+; 4.048% vs 4.047%5yr 99-23 vs 99-21; 4.186% vs 4.176%10yr 99-06 vs 98-07; 4.476% vs 4.475%30yr 100-10+ vs 100-11; 4.475% vs 4.990%2/10 42.555 bps vs 41.558 bps5/30 78.964 bps vs 79.987 bps
BCE (BCE.TO) unit Bell Canada priced its separate offers to purchase for $1.45 billion in cash all tendered debentures, the company said on Thursday.The debentures expiry dates range from 2028 to 2047.The settlement date for payment expected to be June 5. Bell said the financing condition described in the offer to purchase has been satisfied as a result of the closing of the company's public offering of two series of Canadian medium term notes totaling $1.6 billion.BCE shares were last seen down $0.58 to $33.50 on the Toronto Stock Exchange.Price: $33.50, Change: $-0.59, Percent Change: -1.72%
According to National Bank of Canada's preliminary estimate based on Centris data, Montreal's seasonally adjusted home sales fell by 1.8% in May from April, following a 4.3% decline the previous month.This marks the fifth decline in seven months, noted the bank.This weakness comes amid trade and geopolitical uncertainties, a recent rise in fixed mortgage rates due to soaring inflation and a significant deterioration in the labor market in the Montreal region since the start of the year, stated National Bank.In fact, the unemployment rate in the Montreal Census Metropolitan Area (CMA) jumped from 6.3% in January to 7.7% in April, very close to the 7.9% observed in Toronto. If this weakness in the labor market is confirmed by data in the coming months, there is a risk of further deterioration, added the bank.For now, transactions in the Montreal residential market are at their historical average in May. This situation contrasts with the markets in Vancouver and Toronto, where home sales in May are 32.7% and 18.3% below their long-term averages, respectively.National Bank believes the relative resilience of the Montreal market is partly due to better affordability conditions in the Quebec metropolis.