Transpower to hold roadshow for possible Canadian-dollar deal

By Cristal Cody

Prospect News, March 2 - Electric utility Transpower New Zealand Ltd. (A1/AA-/) plans to hold a roadshow in Canada during the upcoming week, sources said on Friday.

Scotia Capital Inc. will lead the non-deal roadshow, which starts on Monday in Montreal and ends on March 9 in Vancouver.

No specific bond deal has been reached, but the potential for a maple bond offering is high, sources said.

Transpower is a state-owned utility that supplies power to New Zealand towns and cities. It is based in Wellington.

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