By Cristal Cody
Prospect News, Jan. 24 - The Province of Ontario sold an additional £50 million of 2% series 109 medium-term euro notes due Dec. 10, 2013 at 99.904 to yield 2.035%, the province said in a final terms sheet released Friday.
The sale was the second tranche from the series 109 notes (Aa1/AA-/). The province sold £250 million in the first tranche on Jan. 11 at a spread of 72 basis points over gilts.
Deutsche Bank AG, RBC Capital Markets Corp. and RBS Securities Inc. were the bookrunners.
The proceeds will be used for general provincial purposes.
| Issuer: | Province of Ontario
|
| Amount: | £50 million
|
| Maturity: | Dec. 10, 2013
|
| Securities: | Euro medium-term notes
|
| Bookrunners: | Deutsche Bank AG, RBC Capital Markets Corp., RBS Securities Inc.
|
| Coupon: | 2%
|
| Price: | 99.904
|
| Yield: | 2.035%
|
| Pricing date: | Jan. 21
|
| Settlement date: | Jan. 26
|
| Distribution: | United Kingdom
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
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