By Cristal Cody
Tupelo, Miss., April 10 – John Deere Canada Funding Inc. sold C$200 million of 2.05% seven-year senior medium-term notes at 99.92 to yield 2.062%, a market source said.
The notes (A2//DBRS: A) priced at a spread of 104 basis points over the interpolated Government of Canada bond curve.
RBC Dominion Securities Inc. and TD Securities Inc. were the bookrunners.
The notes are guaranteed by John Deere Capital Corp.
Proceeds will be used for general corporate purposes.
John Deere Canada is a Burlington, Ont.-based financing arm of Deere & Co.
| Issuer: | John Deere Canada Funding Inc.
|
| Guarantor: | John Deere Capital Corp.
|
| Amount: | C$200 million
|
| Maturity: | May13, 2022
|
| Securities: | Senior medium-term notes
|
| Bookrunners: | RBC Dominion Securities Inc., TD Securities Inc.
|
| Coupon: | 2.05%
|
| Price: | 99.92
|
| Yield: | 2.062%
|
| Spread: | 104 bps over interpolated Government of Canada bond curve
|
| Pricing date: | April 8
|
| Settlement date: | April 13
|
| Ratings: | Moody’s: A2
|
| DBRS: A
|
| Distribution: | Canada
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
