Enova Power Raises $175M in Bonds to Modernize Its Power Grid
The Canadian electricity distributor closes a private placement of $175M (CAD 250M) in senior unsecured debentures at 3.596%. The funds will finance the renewal and expansion of its distribution infrastructure.
| Countries | Canada |
|---|---|
| Sector | Réseaux électriques |
| Theme | Marchés & Finance |
Enova Power Corp., an electricity distributor based in the Waterloo Region of Ontario, has completed a bond issuance of $175M (CAD 250M). The transaction involves senior unsecured debentures, Series 2026-1, bearing a coupon of 3.596% per annum. These securities will mature on January 21, 2031, representing a five-year term. Interest payments will be made on a semi-annual basis.
Comments
Sign in to leave a comment.