New Issue: Province of Manitoba sells $300 million 2.05% five-year debentures at 54 bps spread

By Cristal Cody

Prospect News, Oct. 7 - The Province of Manitoba (Aa1/AA//DBRS: A) raised C$300 million in an offering of 2.05% five-year debentures at 99.914 to yield 2.068% on Friday, a bond source said.

The province sold the notes due Dec. 1, 2016 at a spread of 54 basis points over the Government of Canada benchmark.

BMO Capital Markets Corp. was the lead manager.

Issuer:	Province of Manitoba
Amount:	C$300 million
Maturity:	Dec. 1, 2016
Securities:	Debentures
Bookrunner:	BMO Capital Markets Corp.
Coupon:	2.05%
Price:	99.914
Yield:	2.068%
Spread:	54 bps over Government of Canada benchmark
Pricing date:	Oct. 7
Settlement date:	Oct. 17
Ratings:	Moody's: Aa1
	Standard & Poor's: AA
	DBRS: A
Distribution:	Canada

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