New Issue: Emera sells C$250 million 2.96% five-year notes at 165 bps spread

By Rebecca Melvin

New York, Dec. 8 - Emera Inc. priced C$250 million of five-year medium-term notes with a 2.96% coupon at 99.958 for a spread of 169.3 basis points over the Government of Canada 2016 benchmark, or 165 bps over the interpolated curve, according to a syndicate source.

Scotia Capital Inc. was the lead manager, with CIBC World Markets Inc. as co-lead.

The energy holding company is based in Halifax, Nova Scotia.

Issuer:	Emera Inc.
Issue:	Medium-term notes
Amount:	C$250 million
Maturity:	Dec. 13, 2016
Coupon:	2.96%
Price:	99.958
Spread:	169.3bps over Government of Canada benchmark, 165 bps over interpolated curve
Bookrunners:	Scotia Capital Inc., and CIBC World Markets Inc. as co-lead
Pricing date:	Dec. 8
Settlement date:	Dec. 13
Distribution:	Canada

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