New Issue: Nova Scotia sells C$400 million 4.1% notes due 2021 at 72 bps spread

By Cristal Cody

Prospect News, March 2 - The Province of Nova Scotia (Aa2/A+//DBRS: A) sold C$400 million 4.1% notes due June 1, 2021 at 99.765 to yield 4.129% on Wednesday, a source said.

The notes priced at a spread of 72 basis points over the Government of Canada benchmark.

TD Securities Inc. was the lead manager.

Issuer:	Province of Nova Scotia
Amount:	C$400 million
Maturity:	June 1, 2021
Securities:	Notes
Bookrunner:	TD Securities Inc.
Coupon:	4.1%
Price:	99.765
Yield:	4.129%
Spread:	72 bps over Government of Canada benchmark
Pricing date:	March 2
Settlement date:	March 8
Ratings:	Moody's: Aa2
	Standard & Poor's: A+
	DBRS: A
Distribution:	Canada

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