Hydro One Inc. issued an aggregate principal amount of $250 million 6.59 per cent series 5 notes due in 2043. The notes were issued pursuant to Hydro One’s existing medium term note programme and were the first 40-year term notes issued by Hydro One. The deal closed on April 22, 2003.
Hydro One was represented by in-house counsel Rod Crown, and by Douglas Marshall, Lynne Woollcombe and Pei-Ching Huang of Osler, Hoskin & Harcourt LLP. Tim Unwin, Michael Gans and Erica Young (securities), Les Wong (regulatory) and Ron Richler (tax) of Blake, Cassels & Graydon LLP represented the dealer syndicate, led by Scotia Capital Inc.