By Cristal Cody
Prospect News, Jan. 21 - The Canadian Province of Manitoba (DBRS: A) sold C$250 million in a reopening of its 4.1% bonds due March 5, 2041 at 92.613 to yield 4.553% on Friday, an informed source said.
The bonds priced at a spread of 79.5 basis points over the Government of Canada benchmark.
TD Securities Inc. was the bookrunner.
The issue, which originally priced on Sept. 29, 2010 at an 84 bps spread, now has a total of C$550 million outstanding.
| Issuer: | Province of Manitoba
|
| Amount: | C$250 million
|
| Maturity: | March 5, 2041
|
| Securities: | Bonds
|
| Bookrunner: | TD Securities Inc.
|
| Coupon: | 4.1%
|
| Price: | 92.613
|
| Yield: | 4.553%
|
| Spread: | 79.5 bps over Government of Canada benchmark
|
| Pricing date: | Jan. 21
|
| Settlement date: | Jan. 28
|
| Rating: | DBRS: A
|
| Distribution: | Canada
|
| Total amount: | C$550 million, including bonds priced Sept. 29, 2010 at 84 bps spread
|
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