Published on 11/3/2011 in the Prospect News Canadian Bonds Daily.
New Issue: Ontario sells C$750 million 3.15% 10-year notes at 87 bps spread
By Cristal Cody
Prospect News, Nov. 3 - The Province of Ontario (Aa1/AA-//DBRS: AA) sold C$750 million of 3.15% 10-year notes at 99.589 to yield 3.196% on Thursday, a bond source said.
The province sold the notes due June 2, 2022 at 87 basis points over the Government of Canada benchmark.
RBC Capital Markets Corp. was the lead manager.
Issuer: | Province of Ontario
|
Amount: | C$750 million
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Maturity: | June 2, 2022
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Securities: | Notes
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Bookrunner: | RBC Capital Markets Corp.
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Coupon: | 3.15%
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Price: | 99.589
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Yield: | 3.196%
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Spread: | 87 bps over Government of Canada benchmark
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Pricing date: | Nov. 3
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Settlement date: | Nov. 8
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Ratings: | Moody's: Aa1
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| Standard & Poor's: AA-
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| DBRS: AA
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Distribution: | Canada
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