FortisBC Energy Inc. completes $175M bond offering

On October 30, 2017, FortisBC Energy Inc. (FortisBC) completed a public offering of $175 million principal amount medium term note debentures with a coupon rate of 3.69 per cent and a 30-year term.

FortisBC is a British Columbia-based energy company that serves more than 1.1 million customers across the province.

The offering was conducted through a syndicate of agents, led by Scotia Capital Inc., and included BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., TD Securities Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc. and Casgrain & Company Limited (the Agents).

FortisBC was represented by Farris, Vaughan, Wills & Murphy LLP (Vancouver) with a deal team that included David Selley and Michael Rawluk (securities), and Ron Dueck (tax).

Cassels Brock & Blackwell LLP acted for the Agents with a team consisting of John Christian, Aimee O’Donnell and Rowan Groenwald (securities).

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