By Cristal Cody
Tupelo, Miss., July 23 - John Deere Canada Funding Inc. sold C$300 million of 2.65% five-year medium-term notes at 99.987 to yield 2.653% on Tuesday in Canada, according to an informed bond source.
The notes (A2//DBRS: A) priced at a spread of 92 basis points over the Government of Canada benchmark.
RBC Dominion Securities Inc. and TD Securities Inc. were co-lead managers.
The notes are guaranteed by John Deere Capital Corp.
The issuer is the Canadian financing arm of John Deere Ltd.
| Issuer: | John Deere Canada Funding Inc.
|
| Guarantor: | John Deere Capital Corp.
|
| Amount: | C$300 million
|
| Maturity: | July 15, 2018
|
| Securities: | Medium-term notes
|
| Bookrunners: | RBC Dominion Securities Inc., TD Securities Inc.
|
| Coupon: | 2.65%
|
| Price: | 99.987
|
| Yield: | 2.653%
|
| Spread: | 92 bps over Government of Canada benchmark
|
| Pricing date: | July 23
|
| Settlement date: | July 29
|
| Ratings: | Moody's: A2
|
| DBRS: A
|
| Distribution: | Canada
|
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