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Published on 8/27/2008 in the Prospect News Investment Grade Daily.

Province of Ontario plans bond offering

By Andrea Heisinger

New York, Aug. 27 - The Province of Ontario announced Wednesday that it will issue unsecured bonds, according to a 424B2 filing with the Securities and Exchange Commission.

The bonds (Aa1/AA) will be non-callable.

Further information was not available at press time Wednesday.

Proceeds will be used for general provincial purposes.

The issue will be drawn from the province's $5 billion shelf.


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