New Issue: Ontario prices $1.75 billion 2% five-year notes to yield mid-swaps plus 34 bps

By Aleesia Forni

Virginia Beach, Va., Sept. 20 - The Province of Ontario (AA-/Aa2/AA) came to Friday's market with $1.75 billion of 2% five-year notes (/AA-/) priced at mid-swaps plus 34 basis points, according to an informed source and an FWP filing with the Securities and Exchange Commission.

Pricing was at 99.986 to yield 2.003%.

Bookrunners were CIBC, Citigroup Global Markets Inc., HSBC Securities and Morgan Stanley & Co. LLC.

Proceeds will be used for general provincial purposes.

Issuer:	Province of Ontario
Issue:	Notes
Amount:	$1.75 billion
Maturity:	Sept. 27, 2018
Underwriters:	CIBC World Markets Corp., Citigroup Global Markets Inc., HSBC Securities (USA) 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:	2%
Price:	99.986
Yield:	2.003%
Spread:	Mid-swaps plus 34 bps, Treasuries plus 52 bps
Trade date:	Sept. 20
Settlement date:	Sept. 27
Rating:	Standard & Poor's: AA-

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