New Issue: AltaGas prices C$300 million of 4.5% 30-year medium-term notes with 185 bps spread

By Cristal Cody

Tupelo, Miss., Aug. 12 – AltaGas Ltd. sold C$300 million of 4.5% 30-year medium-term notes at 99.935 to yield 4.504% on Tuesday, according to an informed source.

The notes due Aug. 15, 2044 (/BBB/DBRS: BBB) priced with a spread of 185 basis points versus the Government of Canada benchmark bond.

National Bank Financial Inc. and CIBC World Markets Inc. were the bookrunners.

AltaGas is a Calgary, Alta.-based energy company.

Issuer:	AltaGas Ltd.
Amount:	C$300 million
Maturity:	Aug. 15, 2044
Securities:	Medium-term notes
Bookrunners:	National Bank Financial Inc. and CIBC World Markets Inc.
Co-managers:	BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., BofA Merrill Lynch and Beacon Securities Ltd.
Coupon:	4.5%
Price:	99.935
Yield:	4.504%
Spread:	185 bps over Government of Canada benchmark
Pricing date:	Aug. 12
Settlement date:	Aug. 15
Ratings: Standard & Poor’s: BBB
	DBRS: BBB
Distribution:	Canada

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