By Cristal Cody
Prospect News, Feb. 10 - Laurentian Bank of Canada (/BBB+//DBRS: BBB) priced C$100 million of floating-rate deposit notes due Feb. 14, 2014 at par, a source said Thursday.
The notes were sold in line with guidance at 75 basis points over the three-month CDOR.
Laurentian Bank Securities, Inc. managed the sale.
Quebec-based Laurentian Bank is a banking institution with operations across Canada.
| Issuer: | Laurentian Bank of Canada
|
| Amount: | C$100 million
|
| Maturity: | Feb. 14, 2014
|
| Securities: | Floating-rate deposit notes
|
| Bookrunner: | Laurentian Bank Securities, Inc.
|
| Coupon: | 75 bps over three-month CDOR
|
| Price: | Par
|
| Yield: | 75 bps over three-month CDOR
|
| Pricing date: | Feb. 10
|
| Ratings: | Standard & Poor's: BBB+
|
| DBRS: BBB
|
| Distribution: | Canada
|
| Price talk: | 75 bps over three-month CDOR
|
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