New Issue: Ontario sells C$1 billion of 2.1% notes due 2018 at 59.5 bps spread

By Cristal Cody

Prospect News, Jan. 10 - The Province of Ontario (Aa2/AA-/DBRS: AA) priced a C$1 billion offering of new 2.1% notes due Sept. 8, 2018 on Thursday at 99.882 to yield 2.122%, an informed source said.

The notes priced at a spread of 59.5 basis points over the Government of Canada benchmark.

TD Securities Inc. was the lead manager.

Issuer:	Province of Ontario
Amount:	C$1 billion
Maturity:	Sept. 8, 2018
Securities:	Notes
Bookrunner:	TD Securities Inc.
Coupon:	2.1%
Price:	99.882
Yield:	2.122%
Spread:	59.5 bps over Government of Canada benchmark
Pricing date:	Jan. 10
Settlement date:	Jan. 15
Ratings: Moody's: Aa2
	Standard & Poor's: AA-
	DBRS: AA
Distribution:	Canada

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