Ontario Power Generation completes C$500 million medium term note offering
On February 4, 2021, Ontario Power Generation Inc. (“OPG”) completed its offering of C$500,000,000 principal amount of 2.947% unsecured medium term notes due February 21, 2051 (Series 9).
The offering was made through a syndicate of dealers led by National Bank Financial Inc. and TD Securities and including RBC Dominion Securities Inc., Mizuho Securities Canada Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., MUFG Securities (Canada), Ltd., Goldman Sachs Canada Inc., Desjardins Securities Inc. and Laurentian Bank Securities Inc.
The net proceeds of the offering will be used for repayment of existing indebtedness, working capital requirements and general corporate purposes.
OPG ;is a climate change leader and the largest electricity generator in the province of Ontario, providing almost half of the power Ontarians rely on every day. It is also one of the most diverse generators in North America, with expertise in nuclear, hydroelectric, biomass, solar and natural gas technologies.