Our Toronto office advised Hydro Ottawa Holding Inc. (HOHI) on the launch of a commercial paper program for the issuance and sale of up to C$400m of unsecured short-term promissory notes. HOHI received a commercial paper rating of R-1(low) from DBRS Limited (DBRS Morningstar), and the offering has been fully backed by a C$440m committed operating facility, which includes same-day liquidity.

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