Calgary-based AltaGas has raised $202.8 million in a sale of senior unsecured medium term notes. The notes carry a coupon rate of 4.10%, and are scheduled to mature on March 24, 2016. The gas and power infrastructure projects operator intends to use the net proceeds to reduce outstanding bank indebtedness and for general corporate purposes. The offering has been made through a syndicate of investment dealers co-led by CIBC World Markets and RBC Dominion Securities.
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