By Cristal Cody
Prospect News, Oct. 16 - John Deere Canada Funding Inc. (A2//DBRS: A) sold C$150 million of 2.25% five-year senior medium-term notes at 99.958 to yield 2.259%, an informed bond source said on Tuesday.
The notes due Oct. 18, 2017 priced at a spread of 88.7 basis points over the Government of Canada benchmark.
RBC Capital Markets LLC and TD Securities Inc. were the lead managers.
The notes are unconditionally guaranteed by John Deere Capital Corp.
John Deere Canada Funding is a financing arm of Deere & Co.
| Issuer: | John Deere Canada Funding Inc.
|
| Guarantor: | John Deere Capital Corp.
|
| Amount: | C$150 million
|
| Maturity: | Oct. 18, 2017
|
| Securities: | Senior medium-term notes
|
| Bookrunners: | RBC Capital Markets LLC, TD Securities Inc.
|
| Coupon: | 2.25%
|
| Price: | 99.958
|
| Yield: | 2.259%
|
| Spread: | 88.7 bps over Government of Canada benchmark
|
| Pricing date: | Oct. 15
|
| Settlement date: | Oct. 18
|
| Ratings: | Moody's: A2
|
| DBRS: A
|
| Distribution: | Canada
|
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