New Issue: Laurentian Bank of Canada sells C$200 million 3.132% 10-year notes at 177 bps spread

By Cristal Cody

Prospect News, Oct. 15 - Laurentian Bank of Canada (/BBB+/DBRS: BBB) sold C$200 million of 3.132% 10-year notes at par on Monday, an informed bond source said.

The notes due Oct. 19, 2022 priced at a spread of 177 basis points over the Canadian bond curve.

Laurentian Bank Securities, Inc. and BMO Capital Markets Corp. were the lead managers.

The banking institution is based in Montreal.

Issuer:	Laurentian Bank of Canada
Amount:	C$200 million
Maturity:	Oct. 19, 2022
Securities:	Notes
Bookrunners:	Laurentian Bank Securities, Inc., BMO Capital Markets Corp.
Coupon:	3.132%
Price:	Par
Yield:	3.132%
Spread:	177 bps over Canadian bond curve
Pricing date:	Oct. 15
Settlement date:	Oct. 19
Ratings:	Standard & Poor's: BBB+
	DBRS: BBB
Distribution:	Canada

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