New Issue: Ontario sells $500 million three-year notes at par to yield Libor plus 16 bps

By Andrea Heisinger

New York, April 28 - The Province of Ontario sold $500 million in three-year floating-rate notes on Wednesday at par to yield three-month Libor plus 16 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aa1/AA-/) are non-callable and have interest paid quarterly.

Bookrunners were Deutsche Bank Securities and UBS Ltd.

Issuer:	Province of Ontario
Issue:	Floating-rate global unsecured notes
Amount:	$500 million
Maturity:	May 7, 2013
Bookrunners:	Deutsche Bank Securities, UBS Ltd.
Coupon:	Three-month Libor plus 16 bps, payable quarterly
Price:	Par
Yield:	Three-month Libor plus 16 bps
Call:	Non-callable
Trade date:	April 28
Settlement date:	May 7
Ratings:	Moody's: Aa1
	Standard & Poor's: AA-

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