Hydro One Inc. announced on December 7, 2023, and closed on December 12, 2023, an additional $100 million issuance of Series 58 Medium-Term Notes under its Sustainable Financing Framework. Priced at $104.864 per $100 principal, the notes carry a 4.85% interest rate, maturing on November 30, 2054, with net proceeds of $104.36 million (excluding accrued interest).

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

Proceeds will finance green initiatives such as clean energy and energy efficiency, with Hydro One pledging allocation transparency via annual impact and allocation reports.