New Issue: Ottawa prices C$150 million 4.6% bonds due 2042 at 121.5 bps spread

By Cristal Cody

Prospect News, June 27 - The City of Ottawa (Aaa/AA+/) sold C$150 million 4.6% bonds due July 14, 2042 at 99.869 to yield 4.608% on Monday, an informed source said.

The Ontario city priced the bonds at a spread of 121.5 basis points over the Government of Canada 2041 benchmark bond.

CIBC World Markets Inc. was the bookrunner.

Issuer:	City of Ottawa
Amount:	C$150 million
Maturity:	July 14, 2042
Securities:	Bonds
Bookrunner:	CIBC World Markets Inc.
Coupon:	4.6%
Price:	99.869
Yield:	4.608%
Spread:	121.5 bps over the Government of Canada 2041 bonds
Pricing date:	June 27
Settlement date:	July 14
Ratings:	Moody's: Aaa
	Standard & Poor's: AA+
Distribution:	Canada

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.