CU Inc. will issue C$580 million of 2.963% debentures due Sept. 7, 2049, at a price of C$100.00 apiece.
The Canadian Utilities Ltd. subsidiary plans to use proceeds to finance capital expenditures, to repay existing indebtedness, and for other general corporate purposes.
The issue was sold by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., TD Securities Inc., Scotia Capital Inc., CIBC World Markets Inc. and MUFG Securities (Canada) Ltd., according to a Sept. 3 news release.
Canadian Utilities is an ATCO Ltd. company.
