Business
Nova Scotia Power Inc. issues $200 million of Medium Term Notes
HALIFAX, July 27 /CNW/ - Today, Nova Scotia Power Inc. completed the issue of $200 million Series...
About this update from Emera Incorporated
[{"type":"text","content":"\n\n\n\nHALIFAX, July 27 /CNW/ - Today, Nova Scotia Power Inc. completed the\nissue of $200 million Series W Medium Term Notes. The Series W Notes bear\ninterest at the rate of 5.95% and yield 5.974% per annum until July 27, 2039.\n\n\nThe Offering was made to the public through a syndicate of agents co-led\nby TD Securities Inc. and RBC Dominion Securities Inc., and included CIBC\nWorld Markets Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., Merrill Lynch\nCanada Inc. and National Bank Financial Inc.\n\n\nThe net proceeds of the Offering will be used to repay short term\nborrowings.\n\n\nAbout Nova Scotia Power\n\n\nNova Scotia Power Inc. is the largest wholly-owned subsidiary of Emera\nInc. (TSX-EMA), a diversified energy and services company. Nova Scotia Power\nprovides more than 95% of the generation, transmission and distribution of\nelectrical power to 483,000 customers in the province. The company is focused\non new technologies to enhance customer service and reliability, reduce\nemissions and add renewable energy. Nova Scotia Power has 1,800 employees and\n$3.5 billion in assets.\n\n\n","length":1161,"tagName":"div"}]