Hydro One Inc. issued CAD 400 million in Series 58 Medium-Term Notes on November 30, 2023, with a 4.85% interest rate and maturity in 2054. Net proceeds of CAD 397.68 million will fund eligible green projects under its Sustainable Financing Framework, focusing on clean energy and energy efficiency.

Legal advisors included Osler, Hoskin & Harcourt LLP for Hydro One and Blake, Cassels & Graydon LLP for the agents. The offering was managed by National Bank Financial Inc., TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Desjardins Securities Inc., Casgrain & Company Limited, and Laurentian Bank Securities Inc.

This issuance reinforces Hydro One’s commitment to sustainability, with independent reviews and annual reporting ensuring accountability and transparency.