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TMX Group Announces Voluntary Delisting of Series D, E and F Debentures from Toronto Stock Exchange
TMX Group Announces Voluntary Delisting of Series D, E and F Debentures from Toronto Stock Exchan...
About this update from Tmx Group Ltd.
[{"type":"text","content":"\n \n \n \n TMX Group Announces Voluntary Delisting of Series D, E and F Debentures from Toronto Stock Exchange\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Series of bonds will be exclusively available for trading via over-the-counter markets, providing fixed income investors with access to greater liquidity\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n April 12, 2024\n \n \n /CNW/ - TMX Group Limited (TMX Group or the Company) today announced that its board of directors and Toronto Stock Exchange (TSX) have approved the voluntary delisting of the Company's non-convertible Series D, E and F Debentures from TSX. In making the decision to delist, the Company considered, among other things, the fact that secondary market trading in Canadian non-convertible corporate bonds occurs predominantly via over-the-counter markets (OTC), and this decision allows our fixed income investors access to the deepest pool of liquidity. The total value of the Canadian corporate bond market is estimated at approximately\n \n $527 billion\n \n , according to the FTSE Canada Corporate Bond Index. Originally listed in\n \n July 2021\n \n , TMX Group's Series D, E and F Debentures have traded less than\n \n $20 million\n \n in aggregate on TSX, through the end of\n \n February 2024\n \n .\n \n \n \n \n \n \n \n \n \n TMX Group intends to delist these debentures on or about\n \n April 26, 2024\n \n , and following delisting, they can continue to trade on the OTC markets. Neither the TSX nor the terms of the trust indenture under which these debentures were issued require the Company to obtain approval from debenture holders prior to delisting them from TSX.\n \n \n The delisting impacts the following TMX Group debentures:\n \n \n \n Series D (TSX: X.DB.A):\n \n $300 million\n \n aggregate principal amount of 2.997% Series D Senior Unsecured Debentures due\n \n December 11, 2024\n \n ;\n \n \n Series E (TSX: X.DB.B):\n \n $200 million\n \n aggregate principal amount of 3.779% Series E Senior Unsecured Debentures due\n \n...