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Hydro One files preliminary IPO papers with Canadian regulators

Published 2015-09-18, 10:04 a/m
© Reuters.  Hydro One files preliminary IPO papers with Canadian regulators
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TORONTO, Sept 18 (Reuters) - Ontario government-owned Hydro
One Ltd, the largest electricity distributor in the province,
filed preliminary documents with Canadian regulators late on
Thursday for its long-anticipated initial public offering.
The government said earlier this year that 15 percent of
Hydro One would be offered in the IPO, which is widely expected
to be one of the largest in Canadian history.
The size of the IPO and other details were not disclosed in
the preliminary documentation, but the province did provide a
long list of underwriters that includes RBC Dominion Securities
RY.TO , Scotia Capital BNS.TO , BMO Nesbitt Burns BMO.TO ,
CIBC CM.TO , TD Securities TD.TO , National Bank Financial
NA.TO , Barclays Capital BARC.L and Credit Suisse Securities
CSGN.VX .
Three of the Canada's largest law firms, Osler, Hoskin &
Harcourt; Torys LLP; and Blake, Cassels & Graydon, are advising
various parties involved in the IPO.

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