Published on 4/15/2021 in the Prospect News Canadian Bonds Daily, Prospect News Investment Grade Daily and Prospect News Private Placement Daily.
New Issue: WSP Global prices C$500 million of 2.408% seven-year senior notes
By Devika Patel
Knoxville, Tenn., April 15 – WSP Global Inc. priced C$500 million of 2.408% seven-year senior notes through a private placement, according to a press release.
The offering is being conducted by a CIBC Capital Markets and RBC Capital Markets as joint bookrunners and co-lead private placement agents.
Proceeds will be used to repay debt and for other general corporate purposes.
WSP Global is a Montreal-based provider of engineering and design services to clients in the transportation & infrastructure, property & buildings, environment, power & energy, resources and industry sectors.
Issuer: | WSP Global Inc.
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Issue: | Senior notes
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Amount: | C$500 million
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Maturity: | April 19, 2028
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Bookrunners: | CIBC Capital Markets and RBC Capital Markets
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Co-managers: | BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Scotia Capital Inc., BNP Paribas (Canada) Securities Inc., Desjardins Securities Inc. and J.P. Morgan Securities Canada Inc.
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Coupon: | 2.408%
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Pricing date: | April 15
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Settlement date: | April 19
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Distribution: | Canada
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