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.
|
| Amount: | C$150 million
|
| Maturity: | Nov. 21, 2024
|
| Securities: | Senior debentures
|
| Bookrunner: | BMO Nesbitt Burns Inc.
|
| Co-managers: | CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.
|
| Coupon: | 3.239%
|
| Price: | Par
|
| Yield: | 3.239%
|
| Spread: | 123.5 bps over interpolated Government of Canada bond curve
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 21
|
| Ratings: | Standard & Poor’s: A
|
| DBRS: A
|
| Distribution: | Canada
|
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