On September 12, 2023, Capital Power Corporation announced its issuance of C$350 million in Senior Unsecured Medium-Term Notes (Series 5), which closed on September 15, 2023. The notes bear a 5.816% annual interest rate, maturing on September 15, 2028. Net proceeds of C$348.78 million will be used to refinance debt and support corporate purposes.

The offering was distributed by dealers including TD Securities Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., iA Private Wealth Inc., Merrill Lynch Canada Inc., ATB Capital Markets Inc., MUFG Securities (Canada), Ltd., Casgrain & Company Limited, and Desjardins Securities Inc. Dentons Canada LLP acted as counsel for Capital Power, with Osler, Hoskin & Harcourt LLP advising the dealers.