Emera (TSE:EMA) has released an update.
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Emera has successfully closed a $500 million bond offering through the Maritime Link Financing Trust, issuing Series B bonds with a maturity of 2052. The bonds, which enjoy a high ‘AAA’ credit rating, are backed by the full faith and credit of Canada. The proceeds will be used to manage financing fees and refund payments related to Series A bonds.
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