Arrow Lakes Power Raises $361M

Arrow Lakes Power has raised $361 million in a sale of notes.

Arrow Lakes Power has raised $361 million in a sale of notes, Reuters reports. The issue of 5.516% amortizing bonds is scheduled to mature on April 5, 2041.

The operator of hydroelectric generation stations in British Columbia appointed the investment dealer division of Canadian Imperial Bank of Commerce as the lead manager for the deal.

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