Labrador Island Link Funding, established in 2016 and based in St. John's, Newfoundland and Labrador, is dedicated to financing the Labrador Island Link (LIL), a critical electricity transmission project connecting Newfoundland with the island of Labrador. The company primarily focuses on issuing bonds to secure funding for the development and maintenance of this vital infrastructure, enhancing energy reliability and supporting regional growth.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Labrador Island Link Funding has actively issued bonds to finance its operations, including a notable CAD 1 billion bond issuance in 2018 that was instrumental in funding the LIL project. As of 2023, the company’s bonds yield approximately 4.5%, competitive with industry averages, owing to their attractive features such as robust credit ratings and tax benefits. Recent news highlights the completion of the project, paving the way for future refinancing opportunities and potential strategic investments in further energy initiatives.