New Issue: Province of Ontario prices $1 billion 3.5% five-year bonds at Treasuries plus 83.25 bps

By Andrea Heisinger

Omaha, April 2 - The Province of Ontario priced $1 billion of 3.5% five-year bonds Wednesday to yield Treasuries plus 83.25 basis points, according to an FWP filing with the Securities and Exchange Commission.

The non-callable bonds (Aa1/AA) priced at 99.685 to yield 3.567%.

Underwriters were J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., RBC Capital Markets and CIBC World Markets Inc.

Issuer:	Province of Ontario
Issue:	Bonds
Amount:	$1 billion
Maturity:	July 15, 2013
Underwriters:	J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., RBC Capital Markets and CIBC World Markets Inc.
Coupon:	3.5%
Price:	99.685
Yield:	3.567%
Spread:	Treasuries plus 83.25 bps
Call:	Non-callable
Trade date:	April 2
Settlement date:	April 9
Ratings:	Moody's: Aa1
	Standard & Poor's: AA

© 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.