New Issue: Viterra sells C$300 million five-year senior notes at par to yield 8½%

By Paul A. Harris

St. Louis, June 25 - Viterra Inc. priced a C$300 million issue five-year senior notes (Ba1/BB+/) at par to yield 8½% on Thursday, according to a market source.

The deal came on top of price talk.

TD Securities led the transaction, which was marketed via Rule 144A in Canada and via Regulation D in the United States.

Proceeds will be used for general corporate purposes.

Viterra is a Regina, Sask.-based agribusiness.

Issuer:	Viterra Inc., formerly known as Saskatchewan Wheat Pool
Amount:	C$300 million
Maturity:	July 7, 2014
Security description:	Senior notes
Lead manager:	TD Securities
Co-managers:	J.P. Morgan Securities Inc., RBC Capital Markets Corp., Scotia Capital, CIBC, NBF, HSBC
Coupon:	8½%
Price:	Par
Yield:	8½%
Spread:	596.3 bps
Call protection:	Callable after three years at a premium
Trade date:	June 25
Settlement date:	July 7
Ratings:	Moody's: Ba1
	Standard & Poor's: BB+
Distribution:	Rule 144A in Canada; Regulation D in the United States
Price talk:	8½% coupon at par

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