07:08 AM EDT, 09/09/2025 (MT Newswires) -- Canadian Utilities ( CDUTF ) said overnight Monday it will issue $750 million of 5.45% fixed-to-fixed rate subordinated notes due Dec. 22, 2025.

The company said proceeds, with closing expected around Sept. 22, will be used for capital spending, to repay or refinance debt, and for general corporate purposes.

The offering was underwritten by RBC Capital Markets, BMO Capital Markets, TD Securities, Scotiabank, CIBC Capital Markets, ATB Capital Markets and MUFG.

Canadian Utilities ( CDUTF ) shares closed Monday up 0.4% at $38.21 on the Toronto Stock Exchange.