By Cristal Cody
Prospect News, June 26 - AltaLink LP sold C$300 million of 3.99% 30-year secured medium-term notes at par on Tuesday, a bond source said.
The notes due June 30, 2042 (/A-/DBRS: A) priced at a spread of 166 basis points over the Government of Canada benchmark.
BMO Capital Markets Corp. and Scotia Capital Inc. were the lead managers.
Calgary, Alta.-based AltaLink is an electric power transmission company.
| Issuer: | AltaLink LP
|
| Amount: | C$300 million
|
| Maturity: | June 30, 2042
|
| Securities: | Secured medium-term notes
|
| Bookrunners: | BMO Capital Markets Corp., Scotia Capital Inc.
|
| Coupon: | 3.99%
|
| Price: | Par
|
| Yield: | 3.99%
|
| Spread: | 166 bps over Government of Canada benchmark
|
| Pricing date: | June 26
|
| Ratings: | Standard & Poor's: A-
|
| DBRS: A
|
| Distribution: | Canada
|
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