By Cristal Cody
Tupelo, Miss., March 3 – AltaLink Investments LP priced C$200 million of 2.244% series seven-year senior bonds at par on Tuesday, according to a market source.
The notes due March 7, 2022 (/BBB+/DBRS: BBB) priced with a spread of 122 basis points over the interpolated Government of Canada bond curve.
RBC Dominion Securities Inc. and Scotia Capital Inc. were the bookrunners. BMO Nesbitt Burns Inc. was co-lead manager.
AltaLink Investments is a holding company for AltaLink LP, a Calgary, Alta.-based electric power transmission company acquired by Berkshire Hathaway Energy Co. in December.
| Issuer: | AltaLink Investments LP
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| Amount: | C$200 million
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| Maturity: | March 7, 2022
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| Securities: | Senior bonds
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| Bookrunners: | RBC Dominion Securities Inc. and Scotia Capital Inc. (bookrunners), BMO Nesbitt Burns Inc. (co-lead)
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| Co-managers: National Bank Financial Inc., TD Securities Inc. and Casgrain & Co. Ltd.
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| Coupon: | 2.244%
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| Price: | Par
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| Yield: | 2.244%
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| Spread: | 122 bps over Government of Canada benchmark
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| Pricing date: | March 3
|
| Settlement date: | March 6
|
| Ratings: | Standard & Poor’s: BBB+
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| DBRS: | BBB
|
| Distribution: | Canada
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