New York, March 29 – Greater Toronto Airports Authority completed a C$500 million offering of 3.26% secured notes due June 1, 2037, according to a news release.
RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. led the transaction.
Proceeds were used to help fund the redemption of C$522 million of 5.96% secured medium-term notes due Nov. 20, 2019.
The authority is the Toronto-based operator of Toronto Pearson International Airport.
| Issuer: | Greater Toronto Airports Authority
|
| Issue: | Series 2018-1 secured notes
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| Amount: | C$500 million
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| Maturity: | June 1, 2037
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| Coupon: | 3.26%
|
| 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: | March 29
|
| Distribution: | Private placement in Canada
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