Published on 8/11/2023 in the Prospect News Private Placement Daily.
New Issue: Newfoundland Power places C$90 million 5.122% 30-year bonds
By Marisa Wong
Los Angeles, Aug. 11 – Newfoundland Power Inc. completed a C$90 million non-brokered private placement of 5.122% 30-year first mortgage sinking fund bonds, according to a press release.
Proceeds will be used to repay short-term borrowings and for general corporate purposes.
The issuer is an electricity provider based in St. John’s, Newfoundland and Labrador.
| Issuer: | Newfoundland Power Inc.
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| Amount: | C$90 million
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| Issue: | First mortgage sinking fund bonds
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| Maturity: | Aug. 11, 2053
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| Coupon: | 5.122%
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| Announcement date: | Aug. 11
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| Distribution: | Private placement
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