Toronto Hydro Issues $250M Series 2 Debentures under its $1B MTN Program

On November 14, 2007, Toronto Hydro Corporation completed a public offering of C$250 million of 5.15 per cent senior unsecured debentures due 2017 (Series 2). The Series 2 Debentures were issued under the Corporation's $1 billion MTN Program which was established in January 2006.

CIBC World Markets Inc. served as the lead agent and bookrunner on the offering and the other syndicate members included BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.

McMillan Binch Mendelsohn LLP acted for Toronto Hydro Corporation under the direction of in-house counsel Lawrence Wilde (Vice President, General Counsel and Secretary) and Victoria Iacovazzi. The McMillan Binch Mendelsohn team was led by Sean Farrell and included Mary-Ann Haney and Michael Friedman.

Blake, Cassels & Graydon LLP acted for the dealers with a team led by Ken Pearce and including Les Wong, Chris Javornik and Ron Richler.