TransAlta Utilities Corp, founded in 1909 and headquartered in Calgary, Canada, operates as a leading power generation and utility company focused on providing reliable energy solutions. The company primarily engages in the production of electricity from diverse sources, including coal, natural gas, hydro, and renewable energy facilities across North America.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TACN 6.90% 2030-11-15 CADTransalta Utilities Corp | Canada | 2030-11-15 | 6.900 | 4.96 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
TransAlta began issuing bonds in 1994, expanding its capital structure to support growth and strategic initiatives. Notable bond issuances include the $500 million offering in 2019, aimed at refinancing existing debt and enhancing liquidity, which reflected a yield spread that was competitive within the utility sector. As of October 2023, TransAlta's bonds offer yields that remain aligned with industry averages, providing investors with attractive income opportunities while reflecting the company's commitment to maintaining a robust financial position amidst evolving market conditions.