By Andrea Heisinger
New York, May 3 - The Province of Ontario sold $3 billion of 2.3% five-year global notes on Tuesday to yield Treasuries plus 39 basis points, or mid-swaps plus 20 bps, said a syndicate source.
The notes were priced in line with talk of mid-swaps plus 20 bps.
The securities (Aa1/AA-) priced at 99.803 to yield 2.342%.
The notes are non-callable.
Bookrunners were Credit Suisse Securities LLC, Goldman Sachs & Co., Merrill Lynch and RBC Capital Markets Corp.
Issuer: | Province of Ontario
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Issue: | Global notes
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Amount: | $3 billion
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Maturity: | May 10, 2016
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Bookrunners: | Credit Suisse Securities LLC, Goldman Sachs & Co., Merrill Lynch, RBC Capital Markets Corp.
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Coupon: | 2.3%
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Price: | 99.803
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Yield: | 2.342%
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Spread: | Treasuries plus 39 bps, mid-swaps plus 20 bps
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Call: | Non-callable
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Trade date: | May 3
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Settlement date: | May 10
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Ratings: | Moody's: Aa1
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| Standard & Poor's: AA-
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Price talk: | Mid-swaps plus 20 bps
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