By Cristal Cody
Tupelo, Miss., Nov. 18 – PowerStream Inc. priced C$150 million of 3.239% 10-year senior debentures at par on Tuesday, according to an informed source.
The debentures due Nov. 21, 2024 (/A/DBRS: A) priced with a spread of 123.5 basis points over the interpolated Government of Canada bond curve.
BMO Nesbitt Burns Inc. was the bookrunner.
PowerStream is a Vaughan, Ont.-based electric company.
Issuer: | PowerStream Inc.
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Amount: | C$150 million
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Maturity: | Nov. 21, 2024
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Securities: | Senior debentures
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Bookrunner: | BMO Nesbitt Burns Inc.
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Co-managers: | CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.
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Coupon: | 3.239%
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Price: | Par
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Yield: | 3.239%
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Spread: | 123.5 bps over interpolated Government of Canada bond curve
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Pricing date: | Nov. 18
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Settlement date: | Nov. 21
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Ratings: | Standard & Poor’s: A
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| DBRS: A
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Distribution: | Canada
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