New Issue: Home Trust sells C$175 million of 2.28% deposit notes due 2018 with 178 bps spread

By Cristal Cody

Tupelo, Miss., March 3 – Home Trust Co. sold C$175 million of 2.28% three-year deposit notes at 99.989 to yield 2.284% on Tuesday, according to a market source.

The notes due March 6, 2018 (/BBB/DBRS: BBB) priced with a spread of 178 basis points over the interpolated Government of Canada bond curve.

BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. were the lead managers.

Home Trust is a subsidiary of Toronto-based Home Capital Group Inc., which provides deposit, mortgage lending, retail credit and credit card services.

Issuer:	Home Trust Co.
Amount:	C$175 million
Maturity:	March 6, 2018
Securities:	Deposit notes
Bookrunners:	BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc.
Co-managers:	Scotia Capital Inc., TD Securities Inc., CIBC World Markets Inc., Desjardins Securities Inc., National Bank Financial Inc., Laurentian Bank Securities, Inc. and Raymond James Ltd.
Coupon:	2.28%
Price:	99.989
Yield:	2.284%
Spread:	178 bps over interpolated Government of Canada bond curve
Pricing date:	March 3
Settlement date:	March 6
Ratings:	Standard & Poor’s: BBB
	DBRS: BBB
Distribution:	Canada

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