Loan & DebtApr 30, 2026, 12:21 PM
EMA Redeems $1.2B 6.75% Subordinated Notes Due 2076
AI Summary
Emera Incorporated announced the redemption of all its remaining outstanding $1.2 billion 6.75% Fixed-to-Floating Subordinated Notes, Series 2016-A, due 2076. The redemption date is set for June 15, 2026, with the redemption price being 100% of the principal amount along with accrued and unpaid interest. Payment will be processed through the Depository Trust Company.
Key Highlights
- Emera Incorporated issued a notice of redemption for its outstanding 6.75% Fixed-to-Floating Subordinated Notes.
- The total principal amount of notes being redeemed is $1,200,000,000.00.
- The notes are Series 2016-A and were originally due in 2076.
- The redemption date is scheduled for June 15, 2026.
- The redemption price is 100% of the principal amount, plus accrued and unpaid interest.
Price Impact
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