Published on 1/31/2013 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.
New Issue: Ontario sells $500 million 2.5-year floaters to yield Libor plus 5 bps
By Andrea Heisinger
New York, Jan. 31 - The Province of Ontario sold $500 million of 2.5-year floating-rate notes (Aa2/AA-/) at par to yield Libor plus 5 basis points, according to an FWP filing with the Securities and Exchange Commission on Thursday.
The notes are non-callable.
Bookrunners were Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.
| Issuer: | Province of Ontario
|
| Issue: | Floating-rate notes
|
| Amount: | $500 million
|
| Maturity: | Aug. 13, 2015
|
| Bookrunners: | Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC
|
| Coupon: | Libor plus 5 bps
|
| Price: | Par
|
| Yield: | Libor plus 5 bps
|
| Call: | Non-callable
|
| Trade date: | Jan. 31
|
| Settlement date: | Feb. 7
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
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