Nova Scotia Power Issues $300 Million Aggregate Principal Amount of Notes Due November 15, 2032 (Unsecured) and $200 Million Aggregate Principal Amount of Notes Due March 24, 2053 (Unsecured)

Mar 24, 2023

Nova Scotia Power Incorporated (“Nova Scotia Power” or the “Company”) today announced that it has completed an offering of $300 million aggregate principal amount of Notes due November 15, 2032 (Unsecured), Series 2023-1 (“Series 2023-1 Notes”) and $200 million aggregate principal amount of Notes due March 24, 2053 (Unsecured), Series 2023-2 (“Series 2023-2 Notes” and, together with the Series 2023-1 Notes, the “Notes”). The Notes were offered on a private placement basis (the “Offering”) in each of the provinces of Canada pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws. The Series 2023-1 Notes bear interest at the rate of 4.951% per annum until November 15, 2032. The Series 2023-2 Notes bear interest at the rate of 5.355% per annum until March 24, 2053.

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