TransAlta Corporation, founded in 1909 and headquartered in Calgary, Alberta, is a leading Canadian power generation and marketing company. The company specializes in producing electricity from a diverse mix of energy sources, including coal, natural gas, hydro, wind, and solar power.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TACN 5.88% 2034-02-01 USDTransalta Corp. | Canada | 2034-02-01 | 5.875 | 5.77 |
| TACN 6.50% 2040-03-15 USDTransalta Corp. | Canada | 2040-03-15 | 6.500 | 6.47 |
| TACN 7.30% 2029-10-22 CADTransalta Corp. | Canada | 2029-10-22 | 7.300 | 4.54 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
TransAlta has a long history of bond issuances, beginning in the 1990s, with notable offerings that include a CAD 500 million green bond launched in 2021 to finance renewable energy projects. As of October 2023, their bonds yield approximately 4.5%, competitive within the industry. The company has a reputation for strong credit ratings, supported by its stable cash flow from its diversified energy portfolio, and recently announced a $300 million senior unsecured note offering to refinance existing debt, reflecting ongoing confidence in its financial strategy.