Via James Hymas’ daily report… FortisBC (a subsidiary of Fortis, TSE:FTS) sold CDN$100 million worth of the most mis-named “Medium Term Notes” which, according to the shelf prospectus filing, are unsecured debentures. The yield was 5.01%, a spread of 135bps over government, and the term was… 40 years. I know utility companies are supposed to … Continue reading Thirst for yield – FortisBC