By Wendy Van Sickle
Columbus, Ohio, Oct. 5 – Greater Toronto Airports Authority completed a C$400 million offering of 3.15% secured notes due Oct. 5, 2051, according to a news release.
RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. led the transaction.
Proceeds will be used to repay short-term debt.
The authority is the Toronto-based operator of Toronto Pearson International Airport.
| Issuer: | Greater Toronto Airports Authority
|
| Issue: | Series 2021-1 secured notes
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| Amount: | C$400 million
|
| Maturity: | Oct. 5, 2051
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| Coupon: | 3.15%
|
| Lead managers: | RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc.
|
| Co-managers: | National Bank Financial Inc., Scotia Capital Inc. and TD Securities Inc.
|
| Announcement date: | Oct. 5
|
| Distribution: | Private placement in Canada
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