Manitoba talks five-year debentures at mid-swaps plus 55 bps area

By Aleesia Forni

New York, Nov. 20 – The Province of Manitoba set price talk for a benchmark offering of five-year global debentures, series GM, on Friday at mid-swaps plus 55 basis points, according to a market source and a 424B3 filed with the Securities and Exchange Commission.

The bookrunners are CIBC Capital Markets, RBC Capital Markets LLC, National Bank of Canada Financial Markets and Scotia Capital.

Proceeds will be used for general government programs and for advances to the Manitoba Hydro-Electric Board.

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