By Cristal Cody
Prospect News, Sept. 7 - The Province of Ontario announced it priced NOK 250 million in a reopening of the 3.375% series 108 notes due Jan. 20, 2016 (Aa1/AA-/) at 101.925 to yield 2.896%, according to final terms released on Wednesday.
Toronto-Dominion Bank was the dealer.
Proceeds will be used for general provincial purposes.
The province originally sold NOK 500 million of the notes on Dec. 23, 2010 under the C$27 billion debt issuance program.
| Issuer: | Province of Ontario
|
| Amount: | NOK 250 million reopening
|
| Maturity: | Jan. 20, 2016
|
| Securities: | Series 108 notes
|
| Bookrunner: | Toronto-Dominion Bank
|
| Coupon: | 3.375%
|
| Price: | 101.925
|
| Yield: | 2.896%
|
| Pricing date: | Sept. 7
|
| Settlement date: | Sept. 9
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| Distribution: | Norway
|
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