ITC Holdings $1 billion 2.7% and 3.35% notes issues

Overview:

• ITC Holdings has issued $1 billion in senior notes.
• The issue consisted of $500 million 2.7% notes due 2022 and $500 million 3.35% notes due 2027.
• Proceeds will be used for to repay the existing $385 million issue of 6.05% senior notes and other credits of the company.
• The issuer is operating in the United States and is the largest electricity transmission firm there.

Katrin Kostadinova - Data analyst