By Cristal Cody
Prospect News, Oct. 19 - The Regional Municipality of Peel (Aaa/AAA/) sold C$300 million of 3.85% 30-year senior bonds at 99.436 to yield 3.882% on Friday, an informed bond source said.
The bonds priced at a spread of 140 basis points over the Government of Canada benchmark.
National Bank Financial Inc. was the bookrunner.
The Regional Municipality of Peel consists of the cities and towns of Brampton, Caledon and Mississauga located in the Greater Toronto Area.
| Issuer: | Regional Municipality of Peel
|
| Amount: | C$300 million
|
| Maturity: | Oct. 30, 2042
|
| Securities: | Senior bonds
|
| Bookrunner: | National Bank Financial Inc.
|
| Coupon: | 3.85%
|
| Price: | 99.436
|
| Yield: | 3.882%
|
| Spread: | 140 bps over Government of Canada benchmark
|
| Pricing date: | Oct. 19
|
| Settlement date: | Oct. 30
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Distribution: | Canada
|
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