Bruce Power completes C$750 million issue of senior unsecured notes
The notes were issued through a syndicate of agents co-led by Scotia Capital Inc. and TD Securities Inc., and which included BMO Nesbitt Burns Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc., RBC Dominion Securities Inc. and BNP Paribas (Canada) Securities Inc.
Bruce Power is Canada's first private nuclear generator, providing 30% of Ontario's power.
The Torys team included Rose Bailey and Yinka Olusoga (lending), Michael Zackheim and Justin Crawford (securities).
Torys also acted on the following in connection with this project:
- Scotia Capital, CIBC World Markets, RBC Capital Markets and the syndicate of agents in Bruce Power L.P.’s C$600 million private placement of 4.70% senior unsecured notes, Series 2024-1
CIBC World Markets, RBC Capital Markets, TD Securities and the syndicate of agents in Bruce Power L.P.'s C$600 million debt financing, including C$300 million of 4.70% Series 2023-1 senior notes and C$300 million of 4.99% Series 2023-2 senior notes
BMO Capital Markets, HSBC Securities (Canada), TD Securities and the syndicate of agents in Bruce Power LP's C$500 million private placement of green bonds—its inaugural green bond offering and the world’s first green bond for nuclear power
BMO Nesbitt Burns, CIBC World Markets, Scotia Capital and the syndicate of agents in Bruce Power L.P.'s C$600 million private placement of 4.00% senior unsecured notes, Series 2020-1
Scotia Capital, TD Securities and the syndicate of agents in Bruce Power LP's C$1 billion debt financing, including C$600 million of 2.844% 2016-1 senior notes and C$400 million of 3.969% 2016-2 senior notes
Scotiabank, TD Bank and the club of lenders in the C$2 billion banking facilities made available to Bruce Power LP in connection with its C$13 billion investment program to refurbish the Bruce A and Bruce B Nuclear Generation Stations in southwestern Ontario
Ontario Power Generation and the Province of Ontario in the sale of British Energy plc's 82% interest in Bruce Power L.P. to a consortium of investors, including Cameco Corporation, TransCanada Pipelines Limited and BPC Generation Infrastructure Trust (an affiliate of OMERS)
- BMO Nesbitt Burns, Scotia Capital, TD Securities and the syndicate of agents in Bruce Power L.P.’s C$600 million private placement of 4.27% senior unsecured notes, Series 2024-2
| Jurisdiction | Kincardine (near Tiverton) |
| Province/State | Ontario |
| Country | Canada |
| Nature of Engagement | Refinance |
| Government Level | Provincial |
| Client | Scotia Capital, TD Securities and the syndicate of agents |
| Client Role | Dealer |
| Value | $750,000,000 CAD |