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Home > Investor Centre > Debt Information

Credit Ratings

Agency Long Term Debt Commercial Paper
DBRS Limited A (high) R-1 (middle)
Moody's Investors Services Inc. Aa3 Prime-1
Standard & Poor's Rating Services A+ A-1
  • Short-term liquidity is provided through Hydro One's commercial paper program, which is authorized to issue up to $1 billion.
  • Long-term financing is provided by Hydro One's medium term note program which was renewed on June 21, 2007. Hydro One is authorized to issue up to $2.5 billion under this program.
  • Hydro One currently has $5.625 billion in long-term debt outstanding.

Public Debentures

Issue Date

Par Amount ($millions)

Maturity Date

Coupon

Currency

1-Jun-00

400

3-Jun-10

7.15%

CAD

1-Jun-00

400

3-Jun-30

7.35%

CAD

Total

800

 

 

 

 

Medium Term Notes

Issue Date

Par Amount ($millions)

Maturity Date

Coupon

Currency

24-Feb-04

400.0007

24-Feb-09

3.950%

CAD

03-Mar-08

250.000

03-Mar-11

4.080%

CAD

22-Jun-01

250.000

1-Dec-11

6.400%

CAD

17-Sep-02

600.0002

15-Nov-12

5.770%

CAD

03-Mar-06
450.0009
03-Mar-16
4.640%
CAD
18-Oct-07
600.00010
18-Oct-17
5.180%
CAD

22-Jun-01

500.0003

1-Jun-32

6.930%

CAD

31-Jan-03
385.0004
31-Jan-34
6.350%
CAD
19-May-05
600.0008
20-May-36
5.360%
CAD
13-Mar-07
400.000
13-Mar-37
4.890%
CAD
22-Apr-03
315.0005
22-Apr-43
6.590%
CAD
19-Oct-06
75.000
19-Oct-46
5.000%
CAD

Total

$4,825.000

 

  

 

 

 

 

 

 

Grand Total

$5,625.000

 

 

 


1On March 5, 2003 the Ontario Electricity Financial Corporation closed the secondary public offering of $2.092 billion of Hydro One bonds.
Short Form Base Shelf Prospectus - Secondary Offering (PDF 94.1 KB)
2On January 31, 2003, this issue was re-opened for an additional $300 million, bringing the total outstanding to $600 million.
3On September 17, 2002, this issue was re-opened for an additional $200 million, bringing the total outstanding to $500 million.
4On June 25, 2004 and August 20, 2004, this issue was re-opened for an additional $120 million and $65 million, respectively, bringing the total outstanding to $385 million.
5On August 24, 2004, this issue was re-opened for an additional $65 million, bringing the total outstanding to $315 million.
6Extendible for 6-month intervals after 2.5 years up to 7 years at company's option. Coupon increases from 4.10% in years 1 through 3, to 4.70% in year 4, 5.2% in year 5, 5.8% in year 6 and 6.4% in year 7.
7On May 19, 2005, this issue was re-opened for an additional $150 million, bringing the total outstanding to $400 million.
8On April 24, 2006, this issue was re-opened for an additional $250 million, bringing the total outstanding to $600 million.
9On August 22, 2006, this issue was re-opened for an additional $150 million, bringing the total outstanding to $450 million.
10On March 3, 2008, this issue was re-opened for an additional $300 million, bringing the total outstanding to $600 million.

 
Transfer agent and registrar for public debt
Computershare Trust Company of Canada
100 University Avenue
Toronto, Ontario M5J 2Y1
Telephone: (416) 981-9500
Fax: (416) 643-5501
1 800 888-5666
Website: www.computershare.com

 



 

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