By Cristal Cody
Prospect News, Oct. 21 - The Province of Ontario sold C$1 billion in a reopening of its existing 4.2% notes due June 2020 on Thursday, a source told Prospect News.
The notes priced at 105.864 to yield 3.476%, or 71 basis points over Canada's benchmark bond.
Royal Bank of Canada was the lead bookrunner.
| Issuer: | Province of Ontario
|
| Issue: | Notes
|
| Amount: | C$1 billion reopening
|
| Maturity: | June 2020
|
| Bookrunner: | Royal Bank of Canada (lead)
|
| Coupon: | 4.2%
|
| Price: | 105.864
|
| Yield: | 3.476%
|
| Spread: | 71 bps over Canada's benchmark bonds
|
| Trade date: | Oct. 21
|
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