New Issue: Ontario sells C$110 million five-year floating-rate notes at CDOR plus 18 bps

By Cristal Cody

Prospect News, May 24 - The Province of Ontario (Aa1/AA-/DBRS: AA) priced C$110 million five-year floating-rate notes on Tuesday, an informed bond source said.

The notes priced with a coupon of CDOR plus 18 basis points.

TD Securities Inc. was the bookrunner.

Issuer:	Province of Ontario
Amount:	C$110 million
Maturity:	2016
Securities:	Floating-rate notes
Bookrunner:	TD Securities Inc.
Coupon:	CDOR plus 18 bps
Pricing date:	May 24
Ratings:	Moody's: Aa1
	Standard & Poor's: AA-
	DBRS: AA
Distribution:	Canada

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