By Cristal Cody
Eureka Springs, Ark., July 7 – John Deere Canada Funding Inc. sold C$250 million of 1.6% four-year senior notes on Thursday at 99.869 to yield 1.634%, according to a market source.
The notes (A2/A/DBRS: A) priced with a spread of 111 basis points over the interpolated Government of Canada bond curve.
TD Securities Inc. and RBC Dominion Securities Inc. were the bookrunners.
John Deere Canada is a Burlington, Ont.-based financing arm of Deere & Co.
| Issuer: | John Deere Canada Funding Inc.
|
| Amount: | C$250 million
|
| Maturity: | July 13, 2020
|
| Securities: | Senior notes
|
| Bookrunners: | TD Securities Inc., RBC Dominion Securities Inc.
|
| Coupon: | 1.6%
|
| Price: | 99.869
|
| Yield: | 1.634%
|
| Spread: | 111 bps over interpolated Government of Canada bond curve
|
| Pricing date: | July 7
|
| Settlement date: | July 12
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
| DBRS: A
|
| Distribution: | Canada
|
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