New Issue: Ontario sells $1 billion 1.2% five-year notes at mid-swaps plus 25 bps

By Andrea Heisinger

New York, Feb. 7 - The Province of Ontario priced $1 billion of 1.2% five-year notes on Thursday at a spread of mid-swaps plus 25 basis points, or Treasuries plus 40.5 bps, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aa2/AA-/) were sold at 99.894 to yield 1.222%. There is no call option.

Bookrunners were Goldman Sachs International, J.P. Morgan Securities plc, Scotia Capital (USA) Inc., TD Securities (USA) LLC, National Bank Financial Inc., BMO Capital Markets Corp., CIBC World Markets Corp. and RBC Capital Markets, LLC.

Issuer:	Province of Ontario
Issue:	Notes
Amount:	$1 billion
Maturity:	Feb. 14, 2018
Bookrunners:	Goldman Sachs International, J.P. Morgan Securities plc, Scotia Capital (USA) Inc., TD Securities (USA) LLC, National Bank Financial Inc., BMO Capital Markets Corp., CIBC World Markets Corp., RBC Capital Markets, LLC
Coupon:	1.2%
Price:	99.894
Yield:	1.222%
Spread:	Mid-swaps plus 25 bps, Treasuries plus 40.5 bps
Call:	Non-callable
Trade date:	Feb. 7
Settlement date:	Feb. 14
Ratings:	Moody's: Aa2
	Standard & Poor's: AA-

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