The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

CU Inc. Announces Debenture Issue

Thursday, November 08, 2012

CU Inc. Announces Debenture Issue16:30 EST Thursday, November 08, 2012CALGARY, ALBERTA--(Marketwire - Nov. 8, 2012) - CU Inc. announced today that it will issue $200,000,000 of 3.857% Debentures maturing on November 14, 2052, at a price of $100.00 to yield 3.857%. This issue was sold by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., TD Securities Inc. and Scotia Capital Inc. Proceeds from the issue will be used to finance capital expenditures, to repay existing indebtedness, and for other general corporate purposes of ATCO Electric Ltd. and ATCO Gas and Pipelines Ltd.CU Inc. is a wholly owned subsidiary of Canadian Utilities Limited, part of the ATCO Group of Companies. An Alberta-based corporation with assets of approximately $9 billion and more than 4,700 employees, CU Inc. is comprised of rate regulated utility operations in pipelines, natural gas and electricity transmission and distribution. More information about CU Inc. can be found on the Canadian Utilities Limited website at www.canadianutilities.com.FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: CU Inc.B.R. (Brian) BaleSenior Vice President & Chief Financial Officer(403) 292-7502www.canadianutilities.com