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Plenary Health Care spread guidance emerges for C$1 billion bonds
By Cristal Cody
Prospect News, Sept. 14 - Guidance emerged on Plenary Health Care Partnerships Humber LP's upcoming sale of than C$1 billion of bonds (/A/DBRS: A), a source said Wednesday.
The deal includes C$482.09 million of short-term senior bonds due Aug. 14, 2016 with spread guidance of 135 basis points to 140 bps.
The second tranche of C$373.47 million of series A long-term senior bonds due May 31, 2039 has guidance of 210 bps to 215 bps.
The last tranche of C$149.01 million of series B long-term senior bonds due Nov. 30, 2044 is expected in the 230 bps to 240 bps area.
Marketing continued Wednesday on the deal, and pricing is expected between Friday and Tuesday, the source said.
RBC Capital Markets Corp. is the lead manager.
Plenary Health Care Partnerships is an entity created to design, build, finance and maintain a new 1.7 million-square-foot hospital in Toronto.
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