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Ontario to price offering of seven-year notes on Thursday
By Andrea Heisinger
New York, Sept. 19 - The Province of Ontario is planning to do a benchmark-sized deal of seven-year global notes on Thursday, a source away from the trade said Wednesday.
The notes (Aa2/AA-/) are being talked in the range of mid-swaps plus 40 basis points to 44 bps.
The bookrunners are Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc. and Scotia Capital USA Inc.
Proceeds will be used for general provincial purposes.
Ontario was last in the U.S. bond market with a $1 billion sale of 10-year notes on June 22.
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