Published on 2/10/2011 in the Prospect News Canadian Bonds Daily.
New Issue: Ontario reopens 2% euro medium-term notes due 2013 to add £75 million at 99.428
By Cristal Cody
Prospect News, Feb. 10 - The Province of Ontario sold an additional £75 million of 2% series 109 euro medium-term notes due Dec. 10, 2013 at 99.428 on Thursday, a source said.
Deutsche Bank AG, RBC Capital Markets Corp. and RBS Securities Inc. were the bookrunners.
The province sold £250 million of the euro medium-term notes (Aa1/AA-/) on Jan. 11 at 72 basis points over gilts and another £50 million on Jan. 21 at 99.904 to yield 2.035%. The total outstanding is now £375 million.
| Issuer: | Province of Ontario
|
| Amount: | £75 million
|
| Maturity: | Dec. 10, 2013
|
| Securities: | Euro medium-term notes
|
| Bookrunners: | Deutsche Bank AG, RBC Capital Markets Corp., RBS Securities Inc.
|
| Coupon: | 2%
|
| Price: | 99.428
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 17
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| Distribution: | United Kingdom
|
| Total amount: | £375 million, including £250 million sold Jan. 11 at 72 bps over gilts and £50 million sold Jan. 21 at 99.904 to yield 2.035%
|
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