By Cristal Cody
Prospect News, Dec. 14 - The Province of Ontario sold C$600 million in a reopening of its 4.65% bonds due June 2, 2041 at 101.92 to yield 4.553% on Tuesday, an informed source said.
The bonds priced at a spread of 82 basis points over the Government of Canada benchmark.
The issue now has C$3.75 billion outstanding.
CIBC World Markets Inc. was the lead manager.
| Issuer: | Province of Ontario
|
| Amount: | C$600 million reopening
|
| Maturity: | June 2, 2041
|
| Securities: | Bonds
|
| Bookrunner: | CIBC World Markets Inc.
|
| Coupon: | 4.65%
|
| Price: | 101.92
|
| Yield: | 4.553%
|
| Spread: | 82 bps over Canadian government benchmark
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 17
|
| Distribution: | Canada
|
| Total amount: | C$3.75 billion, including C$3.15 billion priced previously
|
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