TransAlta Corp. will redeem its outstanding $500 million of 6.65% senior notes on March 15 according to a Feb. 2 news release.
The company will redeem the notes at a price equal to the greater of either 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted to the redemption date on a semiannual basis, at the treasury rate plus 45 basis points, plus accrued interest.
The notes mature May 15.
