By Rebecca Melvin
New York, March 8 - The Province of Ontario came in with a reopening Wednesday of its 3.15% bonds due June 2, 2022 for C$500 million at 101.477 to yield 2.981%, according to a bond source.
The bonds priced at a spread of 92.5 basis points over the Government of Canada benchmark.
Lead managers were RBC Capital Markets Corp., CIBC World Markets Inc. and National Bank Financial Inc.
With the reopening, the issue now stands at $4.5 billion outstanding.
| Issuer: | Province of Ontario
|
| Amount: | C$500 million reopening
|
| Maturity: | June 2, 2022
|
| Securities: | Bonds
|
| Lead managers: | RBC Capital Markets Corp., CIBC World Markets Inc., National Bank Financial Inc.
|
| Coupon: | 3.15%
|
| Price: | 101.477
|
| Yield: | 2.981%
|
| Spread: | 92.5 bps over Government of Canada benchmark
|
| Pricing date: | March 7
|
| Distribution: | Canada
|
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