New Issue: Province of Ontario prices $1 billion 3.375% three-year bonds at Treasuries plus 94.25 bps

By Andrea Heisinger

Omaha, May 16 - Province of Ontario priced $1 billion 3.375% three-year bonds on Friday to yield Treasuries plus 94.25 basis points, according to an FWP filing with the Securities and Exchange Commission.

The non-callable bonds (Aa1/AA/) priced at 99.854 to yield 3.427%.

Bookrunners were Barclays Capital Inc., Deutsche Bank Securities Inc. and Toronto-Dominion Bank.

Co-managers were Scotia Capital, CIBC World Markets and National Bank Financial Inc.

Issuer:	Province of Ontario
Issue:	Bonds
Amount:	$1 billion
Maturity:	May 20, 2011
Bookrunners:	Barclays Capital Inc., Deutsche Bank Securities Inc., Toronto-Dominion Bank
Co-managers:	Scotia Capital, CIBC World Markets, National Bank Financial Inc.
Coupon:	3.375%
Price:	99.854
Yield:	3.427%
Spread:	Treasuries plus 94.25 bps
Call:	Non-callable
Trade date:	May 16
Settlement date:	May 23
Ratings:	Moody's: Aa1
	Standard & Poor's: AA

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