By Stephanie N. Rotondo
Phoenix, May 30 - The Province of Ontario issued a C$750 million add-on to its 3.15% notes due June 2, 2022, a trader reported Wednesday.
The issue was priced at 102.953 to yield 2.809%, or a 103 basis point spread over the Canadian 10-year government benchmark.
The lead manager was National Bank Financial.
With the new issuance, the total amount outstanding is C$6.75 billion.
| Issuer: | Province of Ontario
|
| Amount: | C$750 million
|
| Maturity: | June 2, 2022
|
| Lead manager: | National Bank Financial
|
| Coupon: | 3.15%
|
| Price: | 102.953
|
| Yield: | 2.809%
|
| Spread: | 103 bps over Canadian benchmark due 2022
|
| Pricing date: | May 30
|
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