New Issue: Ontario prices $3.5 billion 0.95% three-year bonds to yield Treasuries plus 57 bps

By Andrea Heisinger

New York, May 16 - The Province of Ontario sold $3.5 billion of 0.95% three-year bonds on Wednesday at a spread of Treasuries plus 57 basis points, or mid-swaps plus 21 bps, according to an FWP filing with the Securities and Exchange Commission.

The bonds (/AA-/) were priced at 99.979 to yield 0.957%. They are non-callable.

Underwriters were CIBC World Markets Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. International plc, BMO Capital Markets Corp., National Bank Financial Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC.

The issuer is based in Toronto.

Issuer:	Province of Ontario
Issue:	Bonds
Amount:	$3.5 billion
Maturity:	May 26, 2015
Underwriters:	CIBC World Markets Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. International plc, BMO Capital Markets Corp., National Bank Financial Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC
Coupon:	0.95%
Price:	99.979
Yield:	0.957%
Spread:	Treasuries plus 57 bps, mid-swaps plus 21 bps
Call:	Non-callable
Trade date:	May 16
Settlement date:	May 24
Rating:	Standard & Poor's: AA-

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