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Financings

CU to issue $370-million in 4.78% debentures

By The Northwire Desk — AI Analysis Sep 12, 2025 · 03:18 CIU · 21.34 CU Inc
CIU · Price

Executive Summary

  • CU Inc. announced the issuance of $370 million in 4.787% debentures maturing on September 16, 2055.
  • The debentures were priced at $100 and yield 4.787%.
  • Proceeds will be utilized for capital expenditures, repayment of existing indebtedness, and general corporate purposes.

Key Details

  • Instrument: Debentures
  • Total Amount: $370 million
  • Interest Rate: 4.787%
  • Maturity Date: September 16, 2055
  • Price: $100
  • Yield: 4.787%
  • Underwriters/Syndicate: BMO Capital Markets, RBC Capital Markets, Scotiabank, TD Securities, CIBC Capital Markets, ATB Capital Markets, and MUFG
  • Use of Proceeds: Finance capital expenditures, repay existing indebtedness, and other general corporate purposes
  • Issuer: CU Inc. (a wholly owned subsidiary of Canadian Utilities Ltd., an Atco company)
  • Issuer Profile: Alberta-based corporation with ~3,700 employees and $19 billion in assets, operating rate-regulated utility operations in pipelines, natural gas, and electricity transmission and distribution.
Read the original news release →

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