HALIFAX, Dec. 12 /CNW/ - Today Nova Scotia Power Inc. completed the issue of $150 million re-opened Series T Medium Term Notes. The Series T notes bear interest at the rate of 5.75% and yield 6.238% per annum until October 1, 2013.
Nova Scotia Power Inc.'s agency group for this issue under its Medium Term Note Program is led by CIBC World Markets Inc., and includes Scotia Capital Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and TD Securities Inc.
About Nova Scotia Power
Nova Scotia Power Inc. is the largest wholly-owned subsidiary of Emera Inc. (TSX-EMA), a diversified energy and services company. Nova Scotia Power provides more than 95% of the generation, transmission and distribution of electrical power to 478,000 customers in the province. The company is focused on new technologies to enhance customer service and reliability, reduce emissions and add renewable energy. Nova Scotia Power has 1,700 employees and $3 billion in assets.
Forward Looking Information
This news release contains forward looking information. Actual future results may differ materially. Additional financial and operational information is filed electronically with various securities commissions in Canada through the System for Electronic Document Analysis and Retrieval (SEDAR).