Fortis Inc., founded in 1987 and headquartered in St. John's, Newfoundland and Labrador, is a North American leader in the utility sector, dedicated to providing safe, reliable electricity and natural gas to its customers. With a diverse portfolio of regulated utilities and power generation, Fortis serves approximately 3 million customers across Canada, the United States, and the Caribbean.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| FTSCN 2.18% 2028-05-15 CADFortis Inc. | Canada | 2028-05-15 | 2.180 | 2.77 |
| FTSCN 3.06% 2026-10-04 USDFortis Inc. | Canada | 2026-10-04 | 3.055 | 4.16 |
| FTSCN 3.06% 2026-10-04 USDFortis Inc. | Canada | 2026-10-04 | 3.055 | 4.09 |
| FTSCN 3.06% 2026-10-04 USDFortis Inc. | Canada | 2026-10-04 | 3.055 | 4.16 |
| FTSCN 4.09% 2032-03-26 CADFortis Inc. | Canada | 2032-03-26 | 4.090 | 3.63 |
| FTSCN 4.17% 2031-09-09 CADFortis Inc. | Canada | 2031-09-09 | 4.171 | 3.51 |
| FTSCN 4.43% 2029-05-31 CADFortis Inc. | Canada | 2029-05-31 | 4.431 | 3.15 |
| FTSCN 5.68% 2033-11-08 CADFortis Inc. | Canada | 2033-11-08 | 5.677 | 4.11 |
| FTSCN 6.51% 2039-07-04 CADFortis Inc. | Canada | 2039-07-04 | 6.510 | 4.77 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Fortis has a strong track record in the bond market, having first issued bonds in the early 2000s to finance its expanding utility operations. Notably, in 2020, Fortis issued $1 billion in green bonds to support sustainable projects, reflecting its commitment to environmental responsibility. Current yields on Fortis bonds are competitive compared to industry averages, with its recent 10-year bonds yielding around 3.5%. Investors have shown keen interest in Fortis's bonds due to their investment-grade credit ratings and strong cash flows, bolstered by significant acquisitions and capital investments in infrastructure.