AQNB - Algonquin Power & Utilities Corp 6.20% Fixed-To
Algonquin Power & Utilities Corp 6.20% Fixed-To (AQNB) is a publicly traded fixed-to-floating rate subordinated notes offering from Algonquin Power & Utilities Corp (APUC). AQNB has a fixed interest rate of 6.20% until May 1, 2025, at which point the interest rate will reset to a floating rate equal to the then-current three-month LIBOR plus 4.45%.
The proceeds from the offering of AQNB were used to repay certain indebtedness and for general corporate purposes.
APUC is a diversified utility company that operates in North America and is the parent company of Algonquin Power & Utilities Corp (AQNA), a renewable energy and utility company based in Oakville, Ontario, Canada.
It's important to note that since cutoff date of September 2021, there may have been updates or developments regarding AQNB or APUC.
Algonquin Power & Utilities Corp 6.20% Fixed-To (AQNB) is a publicly traded fixed-to-floating rate subordinated notes offering from Algonquin Power & Utilities Corp (APUC). AQNB has a fixed interest rate of 6.20% until May 1, 2025, at which point the interest rate will reset to a floating rate equal to the then-current three-month LIBOR plus 4.45%.