By Cristal Cody
Tupelo, Miss., June 10 – Penske Truck Leasing Canada Inc. sold C$125 million of 2.95% five-year senior notes at 99.968 to yield 2.957%, according to a market source.
The notes (Baa3/BBB-/BBB+) priced at a spread of 182 basis points over the interpolated Government of Canada bond curve.
RBC Dominion Securities Inc. and Scotia Capital Inc. were the bookrunners.
Penske Truck Leasing Canada is a subsidiary of Reading, Pa.-based transportation services provider Penske Truck Leasing Co., LP.
| Issuer: | Penske Truck Leasing Canada Inc.
|
| Amount: | C$125 million
|
| Maturity: | June 12, 2020
|
| Securities: | Senior notes
|
| Bookrunners: | RBC Dominion Securities Inc. and Scotia Capital Inc.
|
| Coupon: | 2.95%
|
| Price: | 99.968
|
| Yield: | 2.957%
|
| Spread: | 182 bps interpolated Government of Canada bond curve
|
| Pricing date: | June 9
|
| Settlement date: | June 12
|
| Ratings: | Moody’s: Baa3
|
| Standard & Poor’s: BBB-
|
| Fitch: BBB+
|
| Distribution: | Canada
|
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