Capital Power Raises $313M In Bond Sale

Capital Power has raised $313 million in a sale of notes.

Capital Power has raised $313 million in a sale of notes, Reuters reports. The Canadian power-generation company was initially seeking to raise about $208 million from the issue, adds The Wall Street Journal. The investment dealer arm of Royal Bank of Canada served as the lead manager on the transaction. The notes carry a coupon rate of 4.60%, and are due to mature on Dec. 1, 2015.

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