Toronto Hydro Issues $450M Series 8 and Series 9 Debentures

Toronto Hydro Corporation completed a public offering of $250 million principal amount of 2.91 per cent senior unsecured debentures due 2023 (Series 8) and $200 million principal amount of 3.96 per cent senior unsecured debentures due 2063 (Series 9). The Series 8 and Series 9 Debentures were sold on an agency basis under the Corporation's $1.5 billion MTN Program through a syndicate led by RBC Dominion Securities Inc. and CIBC World Markets Inc. The syndicate also included TD Securities Inc., BMO Nesbit Burns Inc. and National Bank Financial Inc.

McMillan LLP acted for Toronto Hydro under the direction of Paul Sommerville (Vice President, Regulatory Affairs and General Counsel) and Conrad Sheppard (Director, Legal Services and Corporate Secretary). The McMillan team included Sean Farrell, Wendy Chun and Carl Irvine.

Blake, Cassels & Graydon LLP acted for the dealers with a team including Ken Pearce, Les Wong, Norbert Knutel and Edward Miller.


Leslie Wong Norbert Knutel Kenneth Pearce Wendy Chun Edward Miller Carl Irvine