By Cristal Cody
Prospect News, Jan. 19 - The Province of Ontario (Aa1/AA-/DBRS: AA) sold C$600 million in a reopening of its 4.65% bonds due June 2, 2041 at 101.235 to yield 4.574% on Wednesday, a source said.
The bonds priced at a spread of 84.5 basis points over the Government of Canada benchmark.
RBC Capital Markets Corp. was the lead manager.
Ontario previously reopened the issue on Dec. 14 to sell C$600 million at an 82 bps spread. The issue now has a total of C$4.35 billion outstanding.
| Issuer: | Province of Ontario
|
| Amount: | C$600 million reopening
|
| Maturity: | June 2, 2041
|
| Securities: | Bonds
|
| Bookrunner: | RBC Capital Markets Corp.
|
| Coupon: | 4.65%
|
| Price: | 101.235
|
| Yield: | 4.574%
|
| Spread: | 84.5 bps over Government of Canada benchmark
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 24
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
| Total amount: | C$4.35 billion
|
© 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.
