New Issue: Ontario sells C$750 million 3.15% 10-year notes at 87 bps spread

By Cristal Cody

Prospect News, Nov. 3 - The Province of Ontario (Aa1/AA-//DBRS: AA) sold C$750 million of 3.15% 10-year notes at 99.589 to yield 3.196% on Thursday, a bond source said.

The province sold the notes due June 2, 2022 at 87 basis points over the Government of Canada benchmark.

RBC Capital Markets Corp. was the lead manager.

Issuer:	Province of Ontario
Amount:	C$750 million
Maturity:	June 2, 2022
Securities:	Notes
Bookrunner:	RBC Capital Markets Corp.
Coupon:	3.15%
Price:	99.589
Yield:	3.196%
Spread:	87 bps over Government of Canada benchmark
Pricing date:	Nov. 3
Settlement date:	Nov. 8
Ratings:	Moody's: Aa1
	Standard & Poor's: AA-
	DBRS: AA
Distribution:	Canada

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