Brief: Life & Banc Split Corp. Announces Overnight Offering

Life and Banc Split

19/06/2018 20:15

June 19 (Reuters) - Life & Banc Split Corp  LBS.TO :
    * LIFE & BANC SPLIT CORP. ANNOUNCES OVERNIGHT OFFERING
    * LIFE & BANC SPLIT CORP - CLASS A SHARES WILL BE OFFERED AT
A
PRICE OF $9.80 PER CLASS A SHARE FOR A DISTRIBUTION RATE OF
12.2% ON ISSUE PRICE
    * LIFE & BANC SPLIT CORP - PREFERRED SHARES WILL BE OFFERED
AT A
PRICE OF $10.00 PER PREFERRED SHARE FOR A YIELD TO MATURITY OF
4.9%

Source text for Eikon:  ID:nGNXbpkTnv 
Further company coverage:  LBS.TO 

 ((Reuters.Briefs@thomsonreuters.com;))