By Cristal Cody
Prospect News, Feb. 9 - Laurentian Bank of Canada (/BBB+/DBRS: BBB) priced C$200 million of 2.45% three-year notes at 99.905 to yield 2.483%, a bond source said Thursday.
The notes due Feb. 13, 2015 priced at a spread of 130 basis points over the Government of Canada benchmark.
Laurentian Bank Securities, Inc. was the bookrunner.
The banking institution is based in Montreal.
| Issuer: | Laurentian Bank of Canada
|
| Amount: | C$200 million
|
| Maturity: | Feb. 13, 2015
|
| Securities: | Notes
|
| Bookrunner: | Laurentian Bank Securities, Inc.
|
| Coupon: | 2.45%
|
| Price: | 99.905
|
| Yield: | 2.483%
|
| Spread: | 130 bps over the Government of Canada benchmark
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 13
|
| Ratings: | Standard & Poor's: BBB+
|
| DBRS: BBB
|
| Distribution: | Canada
|
© 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.
