Desmond Christy Desmond Christy

Hydro One in its inaugural $1.05 billion offering of Medium Term Notes under New Sustainable Financing Framework

On January 24, 2023, Hydro One Inc., a wholly owned subsidiary of Hydro One Limited (collectively, “Hydro One”) priced an offering of $1.05 billion of Medium Term Notes (the “Notes”), consisting of $300 million aggregate principal amount of 3.93% Medium Term Notes, Series 53, due 2029, $450...

Lead Office: Toronto Date Closed: January 24, 2023 Value: $1.05 billion

The Syndicate of agents in TELUS Corporation’s $2 billion three-tranche note offering

On September 13, 2022, TELUS Corporation closed its $2 billion offering of senior unsecured notes in three series, the first with a 10-year maturity, the second with a 30-year maturity and the third with a 7-year maturity. The notes were offered through a syndicate of agents led by CIBC Capital...

Lead Office: Toronto Date Closed: September 13, 2022 Value: $2 billion

Chemtrade Logistics Income Fund in its $86.5 million bought deal equity offering

On August 22, 2022, Chemtrade Logistics Income Fund (“Chemtrade”) completed a public bought deal offering of trust units. The underwriters elected to exercise the over-allotment option in full, resulting in a total of 10,005,000 trust units being issued for gross proceeds of...

Lead Office: Toronto Date Closed: August 22, 2022 Value: $86.5 million

Dream Residential REIT’s US$125.1 million initial public offering

On May 6, 2022, Dream Residential REIT completed its initial public offering  of units. The units are listed for trading on the Toronto Stock Exchange under the symbol “DRR.U”. The offering raised gross proceeds of US$125.1 million and was underwritten by a syndicate of...

Lead Office: Toronto Date Closed: May 6, 2022 Value: US$125.1 million

TELUS International in its US$563 million secondary offering

On September 28, 2021, TELUS International announced the completion of the upsized underwritten secondary offering subordinate voting shares by certain shareholders of TELUS International, including Baring Private Equity Asia. Pursuant to the offering, 16,560,000 subordinate voting shares...

Lead Office: Toronto Date Closed: September 28, 2021 Value: US$563 million

Hydro One Inc. in its $900 million offering of Medium Term Notes

On September 17, 2021, Hydro One Inc. completed its offering of $900 million Medium Term Notes consisting of $450 million of 2.23% Medium Term Notes and $450 million of 3.10% Medium Term Notes. The offering was made through a syndicate of agents with National Bank Financial Inc., Scotia Capital...

Lead Office: Toronto Date Closed: September 17, 2021 Value: $900 million