Published on 4/8/2015 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.
New Issue: AltaGas prices $125 million two-year notes at Libor plus 85 bps
By Cristal Cody
Tupelo, Miss., April 8 – AltaGas Ltd. (/BBB/DBRS: BBB) sold a $125 million offering of two-year floating-rate notes in the Canadian high-grade primary market on Wednesday, a source said.
The notes due April 17, 2017 priced at Libor plus 85 basis points.
BMO Nesbitt Burns Inc. and TD Securities Inc. were the lead managers.
AltaGas is an energy company based in Calgary, Alta.
| Issuer: | AltaGas Ltd.
|
| Amount: | $125 million
|
| Maturity: | April 17, 2017
|
| Securities: | Floating-rate notes
|
| Bookrunners: | BMO Nesbitt Burns Inc., TD Securities Inc.
|
| Co-managers: | CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., HSBC Capital (Canada) Inc., AltaCorp Capital Inc., Beacon Securities Ltd., BofA Merrill Lynch
|
| Coupon: | Libor plus 85 bps
|
| Pricing date: | April 8
|
| Settlement date: | April 14
|
| Ratings: | Standard & Poor’s: BBB
|
| DBRS: BBB
|
| Distribution: | Canada
|
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