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Hydro One registers C$4B of notes

Hydro One Inc. filed a short-form base shelf prospectus to register up to C$4 billion of medium-term notes that it may sell from time to time.

The securities will have a term-to-maturity of not less than one year. The price and interest rate will be defined at the time of the offering, according to a March 8 filing.

Proceeds from the offerings, unless specified otherwise, will be added to the Hydro One Ltd. subsidiary's general funds which, together with funding from other sources, will be used to finance capital requirements; repay outstanding bank loans, including a C$2.3 billion unsecured revolving credit facility; make advances to subsidiaries of the company; make acquisitions; and for other general corporate purposes.