By Cristal Cody
Prospect News, June 14 - The Province of Alberta sold an upsized U.S. dollar-denominated $600 million of 1% five-year notes (Aaa/AAA//) on Thursday to yield Treasuries plus 29.45 basis points, according to an informed bond source.
The Rule 144A, Regulation S-eligible notes due June 21, 2017 were talked at the low to mid single digits early Thursday, compared to initial forecasts on Wednesday of mid to high single digits.
The deal was upsized from $500 million.
Bank of America Merrill Lynch, CIBC World Markets Inc., RBC Capital Markets Corp. and TD Securities Inc. were the lead managers.
| Issuer: | Province of Alberta
|
| Amount: | $600 million
|
| Maturity: | June 21, 2017
|
| Securities: | Notes
|
| Bookrunners: | Bank of America Merrill Lynch, CIBC World Markets Inc., RBC Capital Markets Corp., TD Securities Inc.
|
| Coupon: | 1%
|
| Spread: | 29.45 bps over Treasuries
|
| Pricing date: | June 14
|
| Settlement date: | June 21
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Distribution: | Rule 144A, Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
