By Cristal Cody
Prospect News, May 18 - The Province of Ontario (Aa1/AA-//DBRS: AA) sold C$600 million in a reopening of the 4.65% benchmark bonds due June 2, 2041 at a spread of 84 basis points over the Government of Canada benchmark on Wednesday, an informed bond source said.
TD Securities Inc. was the bookrunner.
The issue previously was reopened on May 11 with the sale of C$600 million priced at an 84.5 bps spread.
| Issuer: | Province of Ontario
|
| Amount: | C$600 million reopening
|
| Maturity: | June 2, 2041
|
| Securities: | Benchmark bonds
|
| Bookrunner: | TD Securities Inc.
|
| Coupon: | 4.65%
|
| Spread: | 84.5 bps over Government of Canada benchmark
|
| Pricing date: | May 18
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
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