Kelowna-based power utility FortisBC Inc. (TSX:FTS) has closed a $105 million debenture offering aimed at repaying debts and funding future capital expenditures.
It closed an issue of 5.90% senior unsecured debentures due July 4, 2047, underwritten by a syndicate that was led by Scotia Capital Inc. and included CIBC World Markets Inc. and National Bank Financial Inc.
The debentures were offered only in Canada.
Fortis' share price range during the past week: between $26 and $26.30; 52-week high: $30; 52-week low: $21.99.