PRNewsWire
20 May 2026, 22:52 UTC · 1w ago
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Hydro One Inc. has priced an inaugural offering of US$1.0 billion in 5-year senior notes at a coupon rate of 4.750%. — Successful pricing of a billion-dollar bond offering demonstrates strong institutional appetite and provides a benchmark for the company's cost of debt.
+0.20The proceeds from the bond offering will be used to repay maturing long-term debt, short-term indebtedness including commercial paper, and for general corporate purposes. — This indicates a liability management strategy to extend maturity profiles, which is a neutral-to-positive move for balance sheet stability.
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The company is successfully pricing a US$1.0 billion inaugural offering of senior notes to manage its debt.
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RBC Capital Markets acted as a joint book-running manager for the offering, a standard operational activity.
The company acted as a joint book-running manager for the offering, which is a standard operational activity.
[b_to_a] RBC Capital Markets, LLC is acting as a joint book-running manager for Hydro One's senior notes offering.
[b_to_a] Mizuho Securities USA LLC is acting as a joint book-running manager for Hydro One's senior notes offering.
[b_to_a] Barclays Capital Inc. is acting as a joint book-running manager for Hydro One's senior notes offering.
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