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Emera Inc. 4.6% Perpetual Preferred Share New Issue

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Emera Incorporated(EMA) is issuing $150M of 4.60% Cumulative Redeemable Preferred Shares, (Series L)

They will are not redeemable prior to Nov-15-2026. After Nov-15-2026 to Nov-15-2027 they are redeemable at $26.00. From Nov-15-2027 to Nov-15-2028 at $25.75. From Nov-15-2028 to Nov-15-2029, at $25.50. From Nov-15-2029 to Nov-15-2030 at $25.25 and at $25 after Nov-2030. The preferred shares have received a provisional rating of P-3 (high) by S&P

The new issue is recommended.

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