By Cristal Cody
Prospect News, Sept. 24 - The Province of Ontario priced €1.25 billion in 3% global notes due Sept. 28. 2020 to yield 3.075%, according to a final terms pricing sheet from the Ontario Financing Authority on Friday.
The series 107 notes (Aa1/AA-/) priced at 99.363.
The joint lead managers were Barclays Bank plc; Credit Suisse Securities (Europe) Ltd.; Deutsche Bank Securities Inc.; and J.P. Morgan Securities Ltd. The co-manager was Royal Bank of Canada Europe Ltd.
The notes are expected to start trading on the London Stock Exchange on Tuesday.
| Issuer: | Province of Ontario
|
| Issue: | Global notes
|
| Series: | 107
|
| Amount: | €1.25 billion
|
| Maturity: | Sept. 28. 2020
|
| Bookrunners: | Barclays Bank PLC, Credit Suisse Securities (Europe) Ltd., Deutsche Bank Securities Inc., J.P. Morgan Securities Ltd.
|
| Co-manager: | Royal Bank of Canada Europe Ltd.
|
| Coupon: | 3%
|
| Price: | 99.363
|
| Yield: | 3.075%
|
| Call: | None
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| Trade date: | Sept. 24
|
| Settlement date: | Sept. 28
|
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