By Cristal Cody
Prospect News, Feb. 4 - The Province of Ontario (Aa1/AA-/DBRS: AA) priced C$600 million in a reopening of its 4.65% bonds due June 2, 2041 at 101.597 to yield 4.552%.
The bonds priced at a spread of 74 basis points over the Government of Canada benchmark.
BMO Capital Markets Corp. was the lead manager.
Ontario reopened the issue on Jan. 28 to sell C$600 million at a spread of 80.5 bps plus the Canadian government benchmark and on Jan. 19 to sell C$600 million at a spread of 84.5 bps over. The issue now has a total outstanding amount of C$5.55 billion.
| Issuer: | Province of Ontario
|
| Amount: | C$600 million reopening
|
| Securities: | Benchmark bonds
|
| Maturity: | June 2, 2041
|
| Bookrunner: | BMO Capital Markets Corp.
|
| Coupon: | 4.65%
|
| Price: | 101.597
|
| Yield: | 4.552%
|
| Spread: | 74 bps over Government of Canada benchmark
|
| Pricing date: | Feb. 4
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
