BRIEF-Emera announces offering of $1.2 bln 6.75 pct fixed-to-floating subordinated notes

Fri Jun 10, 2016 8:06am EDT
 
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June 10 (Reuters) - Emera Inc :

* Emera announces offering of US$1.2 billion 6.75% fixed-to-floating subordinated notes, CDN$500 million 2.90% senior notes and US$3.25 billion aggregate principal amount of multiple series of senior notes

* To use net proceeds to reduce amounts outstanding under credit facilities Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)