By Cristal Cody
Prospect News, Sept. 27 - The Province of Ontario sold C$750 million in a reopening of its bonds due 2041 on Monday, according to a source.
Ontario sold the 4.65% bonds at 88.5 basis points over the Canadian government benchmark bond to yield 4.242%.
The lead bookrunner of the deal was TD Securities Inc.
| Issuer: | Province of Ontario
|
| Issue: | Bonds
|
| Amount: | C$750 million reopening
|
| Maturity: | 2041
|
| Bookrunner: | TD Securities Inc. (lead)
|
| Coupon: | 4.65%
|
| Yield: | 4.242%
|
| Spread: | 88.5 bps over Canada's benchmark bonds
|
| Trade date: | Sept. 27
|
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