By Cristal Cody
Tupelo, Miss., April 6 – John Deere Canada Funding Inc. sold C$200 million of 2.7% medium-term notes due Oct. 12, 2021 on Thursday at 99.947 to yield 2.716%, according to a market source.
The notes (A2/A/DBRS: A) priced with a spread of 73 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$200 million
|
| Maturity: | Oct. 12, 2021
|
| Securities: | Medium-term notes
|
| Bookrunners: | TD Securities Inc. and RBC Dominion Securities Inc.
|
| Coupon: | 2.7%
|
| Price: | 99.947
|
| Yield: | 2.716%
|
| Spread: | 73 bps over interpolated Government of Canada bond curve
|
| Call feature: | Non-callable
|
| Pricing date: | April 5
|
| Settlement date: | April 10
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
| 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.
