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India

Fortis Inc (FTS.TO)

FTS.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Fortis to issue 14th series convertible bonds worth 10 bln won
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Fortis Inc <141020.KQ> ::Says it will issue 14th series unregistered/unsecured convertible bonds worth of 10 billion won.Says a 100 percent conversion rate of bonds to common shares at 1,510 won/share.Says annual coupon rate is 0 percent and yield to maturity is 0 percent, and conversion period from March 20, 2019 to Feb. 27, 2021 .  Full Article

Fortis issues 13th series convertible bonds worth 1.5 bln won
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Fortis Inc <141020.KQ> ::Says it completed issuance of 15th series unregistered and unsecured private convertible bonds worth 1.5 billion won .  Full Article

Fortis to sell entire stake in Online Cargo Service for 6.5 bln won
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Fortis Inc <141020.KQ> ::Says it plans to sell its entire 104,406 shares of Online Cargo Service Co.Ltd, a logistic company, for 6.5 billion won .  Full Article

ITC Holdings Corp. announces pricing of $500.0 million senior notes
Friday, 10 Nov 2017 

Nov 9 (Reuters) - Fortis Inc :ITC Holdings Corp. announces pricing of $500.0 million senior notes due 2022 and $500.0 million senior notes due 2027.  Full Article

ITC Holdings announces offering of senior notes due 2022 and senior notes due 2027
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Fortis Inc :ITC Holdings Corp announces offering of senior notes due 2022 and senior notes due 2027.‍ITC Holdings - intends to use net proceeds from offering to redeem in full $385.0 million principal amount of ITC's 6.050% senior notes due Jan 31, 2018​​.  Full Article

Fortis Inc reports Q3 adjusted earnings per share of $0.61
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Fortis Inc :Fortis reports third quarter earnings of $278 million.Fortis Inc - qtrly ‍net earnings attributable to common equity shareholders of $0.66 per common share​.Fortis Inc - qtrly adjusted earnings per share $0.61.Qtrly revenue $1.90 billion versus $1.52 billion last year.Fortis Inc- ‍over five-year period from 2018 through 2022, corporation's capital expenditure program is expected to total approximately $14.5 billion​.Fortis Inc - ‍consolidated capital expenditure plan of approximately $3.1 billion for 2017 remains on track​.Fortis Inc- ‍extended guidance for targeted average annual dividend growth of approximately 6% through to 2022​.Fortis Inc - ‍results for 2017 will continue to benefit from acquisition of ITC and impact of rate case settlement at UNS Energy​.Q3 earnings per share view C$0.57 -- Thomson Reuters I/B/E/S.  Full Article

Fortis provides new five-year outlook and announces 6.25 pct quarterly dividend increase
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Fortis Inc :Fortis Inc. provides new five-year outlook and announces 6.25% quarterly dividend increase.Sets quarterly dividend of C$0.425per share.Fortis Inc - ‍Five-year capital investment plan of approximately $14.5 billion for 2018 through 2022, up $1.5 billion from prior year's plan​.Fortis Inc - ‍Q4 2017 dividend increase of 6.25%​.Fortis Inc - ‍Average annual dividend growth target of 6% extended through 2022​.Fortis Inc - ‍Consolidated rate base is projected to increase from over $25 billion in 2017 to approximately $32 billion in 2022​.Fortis Inc - ‍Capital investment plan is mostly comprised of a diversified mix of projects​.  Full Article

Fortis Inc to commence trading on New York Stock Exchange
Wednesday, 12 Oct 2016 

Fortis Inc : Fortis Inc to commence trading on New York Stock Exchange . Fortis Inc says expects its common shares will commence trading on NYSE on or about October 14, under ticker symbol "FTS" .Fortis Inc - will retain its listing on Toronto Stock Exchange ("TSX") under symbol "FTS".  Full Article

Fortis announces pricing of US$2.0 billion notes offering
Friday, 30 Sep 2016 

Fortis Inc : Fortis Inc. announces pricing of US$2.0 billion notes offering .Priced US$500 million of notes due 2021 at 2.100% and US$1.5 billion of notes due 2026 at 3.055%.  Full Article

Fortis Inc announces launch of US$2 bln notes offering
Thursday, 29 Sep 2016 

Fortis Inc : Commenced an offering of notes due 2021 and notes due 2026 . Fortis Inc. announces launch of US$2.0 billion notes offering .Intends to use net proceeds from notes offering to finance portion of cash consideration for previously announced acquisition of ITC Holdings.  Full Article

BRIEF-Fortis Reports Q4 Adjusted Earnings Per Share C$0.62

* GOING FORWARD, IMPACT OF U.S. TAX REFORM WILL INCREASE RATE BASE GROWTH OVER FIVE-YEAR PERIOD TO 2022 BY ABOUT 50 BASIS POINTS