By Cristal Cody
Prospect News, Nov. 30 - Plenary Health Hamilton LP sold C$370.18 million of notes in two tranches on Tuesday, an informed source said.
The two-part offering was downsized from C$373.6 million announced on Monday.
Plenary Health sold C$115.43 million of 3.157% notes due Dec. 13, 2013 at par to yield 141.2 basis points over the Government of Canada benchmark bond.
Guidance on the short debt was C$115.3 million of notes at a spread of 130 bps over the Canadian benchmark bond.
The second tranche of C$254.75 million of 5.796% amortizing notes due May 31, 2043 priced at par to yield 225 bps over the Canadian benchmark bond. The notes have an average life of 22.36 years.
The amortizing notes were talked at C$258.3 million at a spread of 225 bps over the Canadian benchmark.
RBC Capital Markets Corp. was the lead bookrunner. Co-managers were TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc. and Desjardin Securities Inc.
Plenary Health Hamilton is a new 830,000 square foot mental health care facility under construction by St. Joseph's Healthcare Hamilton in Hamilton, Ont.
| Issuer: | Plenary Health Hamilton LP
|
| Amount: | C$370,179,000
|
| Bookrunner: | RBC Capital Markets Corp.
|
| Co-managers: | TD Securities Inc.; BMO Nesbitt Burns Inc., National Bank Financial Inc., Desjardin Securities Inc.
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 3
|
| Distribution: | Canada
|
|
|
| Notes due 2013
|
| Amount: | C$115,425,000
|
| Maturity: | Dec. 13, 2013
|
| Securities: | Notes
|
| Coupon: | 3.157%
|
| Price: | Par
|
| Yield: | 3.157%
|
| Spread: | 141.2 bps over Canada government benchmark
|
| Price talk: | 130 bps over Canada government benchmark
|
|
|
| Notes due 2043
|
| Amount: | C$254,754,000
|
| Maturity: | May 31, 2043
|
| Securities: | Amortizing notes
|
| Coupon: | 5.796%
|
| Price: | Par
|
| Yield: | 5.796%
|
| Spread: | 225 bps over Canada government benchmark
|
| Price talk: | 225 bps over Canada government benchmark
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
