New Issue: Ontario sells $1.75 billion three-year floaters at par to yield Libor plus 45 bps

By Andrea Heisinger

New York, May 13 - The Province of Ontario sold $1.75 billion three-year floating-rate notes Wednesday at par to yield three-month Libor plus 45 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aa1/AA) have interest paid quarterly.

Bookrunners were Barclays Capital, Citigroup Global Markets and RBC Capital Markets.

The issuer is based in Toronto, Canada.

Issuer:	Province of Ontario
Issue:	Floating-rate notes
Amount:	$1.75 billion
Maturity:	May 22, 2012
Bookrunners:	Barclays Capital, Citigroup Global Markets, RBC Capital Markets
Coupon:	Three-month Libor plus 45 bps, paid quarterly
Price:	Par
Yield:	Three-month Libor plus 45 bps
Trade date:	May 13
Settlement date:	May 22
Ratings:	Moody's: Aa1
	Standard & Poor's: AA

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