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FortisAlberta registers C$500M of medium-term debentures

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FortisAlberta registers C$500M of medium-term debentures

FortisAlberta Inc. registered C$500 million of medium-term note debentures that it may sell from time to time.

The company said it will issue the securities in multiples of C$1,000 bearing fixed or floating interest rates, according to a Dec. 6 filing.

Unless specified at the time of the offering, the Fortis Inc. subsidiary said it plans to use the proceeds to reduce debt.