Ontario Hydro Corp. issued a whopping $1.25 billion Canadian of global bonds yesterday, a move that should enhance the market for global Canadian dollar bonds, according to Paul C. Newby, assistant treasurer at the company.

"We want to develop an international market for Canadian dollar bonds," he said, adding that the issue also broadens the company's investor base. The offering comes to approximately $1.1 billion in U.S. currency, he said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.