By Cristal Cody
Prospect News, Feb. 23 - The Province of Ontario (Aa1/AA-//DBRS: AA) sold C$750 million in a reopening of its 4% notes due June 2, 2021 at 98.884 to yield 4.134% on Wednesday, a source said.
The notes priced at a spread of 69 basis points over the Government of Canada benchmark.
TD Securities Inc. was the lead manager.
The province originally priced C$750 million of the bond on Jan. 7 at a spread of 70.5 bps over the Canada benchmark. The issue now has a total outstanding of C$1.5 billion.
| Issuer: | Province of Ontario
|
| Amount: | C$750 million
|
| Maturity: | June 2, 2021
|
| Securities: | Notes
|
| Bookrunner: | TD Securities Inc.
|
| Coupon: | 4%
|
| Price: | 98.884
|
| Yield: | 4.134%
|
| Spread: | 69 bps over Government of Canada benchmark
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
| Total amount: | C$1.5 billion, including C$750 million priced Jan. 7, 2011 at 70.5 bps spread
|
© 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.
