New Issue: Manitoba sells C$400 million 4.4% bonds due 2042 at 81 bps spread

By Cristal Cody

Prospect News, May 10 - The Province of Manitoba (Aa1/AA//DBRS: A) sold C$400 million of 4.4% bonds due March 5, 2042 at 99.738 to yield 4.416% on Tuesday, an informed bond source said.

The bonds priced at a spread of 81 basis points over the Government of Canada benchmark.

RBC Capital Markets Corp. was the bookrunner.

Issuer:	Province of Manitoba
Amount:	C$400 million
Maturity:	March 5, 2042
Securities:	Bonds
Bookrunner:	RBC Capital Markets Corp.
Coupon:	4.4%
Price:	99.738
Yield:	4.416%
Spread:	81 bps over Government of Canada benchmark
Pricing date:	May 10
Settlement date:	May 17
Ratings:	Moody's: Aa1
	Standard & Poor's: AA
	DBRS: A
Distribution:	Canada

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