By Cristal Cody
Prospect News, Sept. 17 - The Province of Alberta (Aaa/AAA/DBRS: AAA) priced C$600 million in a reopening of its 2.55% 10-year notes at 98.951 to yield 2.668% on Monday, an informed bond source said.
The notes priced at a spread of 72 basis points over the Government of Canada benchmark.
RBC Capital Markets Corp. was the lead manager.
The province first brought the issue on Aug. 23 in a C$720 million offering that priced at 99.714 to yield 2.582%, or a spread of 78 bps over the government benchmark.
The total outstanding is C$1.32 billion.
| Issuer: | Province of Alberta
|
| Amount: | C$600 million reopening
|
| Maturity: | Dec. 15, 2022
|
| Securities: | Notes
|
| Bookrunner: | RBC Capital Markets Corp.
|
| Coupon: | 2.55%
|
| Price: | 98.951
|
| Yield: | 2.668%
|
| Spread: | 72 bps over Government of Canada benchmark.
|
| Pricing date: | Sept. 17
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| DBRS: AAA
|
| Distribution: | Canada
|
| Total outstanding: | C$1.32 billion
|
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