By Cristal Cody
Prospect News, March 4 - The Province of Ontario (Aa1/AA-//DBRS: AA) priced an additional C$600 million in a reopening of its 4.65% bonds due June 2, 2041 at 101.084 to yield 4.583% on Friday, a source said.
The bonds priced at a spread of 79 basis points over the Government of Canada benchmark.
RBC Capital Markets Corp. was the lead manager.
The bonds were previously reopened on Feb. 4 at a spread of 74 bps. The issue now has a total outstanding of C$6.15 billion.
| Issuer: | Province of Ontario
|
| Amount: | C$600 million reopening
|
| Maturity: | June 2, 2041
|
| Securities: | Bonds
|
| Bookrunner: | RBC Capital Markets Corp.
|
| Coupon: | 4.65%
|
| Price: | 101.084
|
| Yield: | 4.583%
|
| Spread: | 79 bps over Government of Canada benchmark
|
| Pricing date: | March 4
|
| Settlement date: | March 9
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
| Total amount: | C$6.15 billion
|
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