By Cristal Cody
Prospect News, Jan. 28 - The Province of Ontario sold C$600 million in a reopening of its 4.65% benchmark bonds (Aa1/AA-/DBRS: AA) due June 2, 2041 at 101.946 to yield 4.531% on Friday, a source said.
The deal was sold at a spread of 80.5 basis points over the Government of Canada benchmark.
TD Securities Inc. was the lead manager.
The issue now has a total outstanding of C$4.95 billion.
| Issuer: | Province of Ontario
|
| Amount: | C$600 million reopening
|
| Maturity: | June 2, 2041
|
| Securities: | Benchmark bonds
|
| Bookrunner: | TD Securities Inc.
|
| Coupon: | 4.65%
|
| Price: | 101.946
|
| Yield: | 4.531%
|
| Spread: | 80.5 bps over Government of Canada benchmark
|
| Pricing date: | Jan. 28
|
| Settlement date: | Feb. 2
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
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