Ontario offers $1 billion 10-year bonds at mid-swaps plus 31 bps area

By Devika Patel and Cristal Cody

Knoxville, Tenn., Oct. 6 – The Province of Ontario is in the market with a planned $1 billion offering of fixed-rate bonds due Oct. 14, 2031, according to a market source and additional details from a 424B2 filed with the Securities and Exchange Commission.

The principal amount of the bonds will not be increased.

Price talk is in the mid-swaps plus 31 basis points area.

Bookrunners are BMO Capital Markets, Deutsche Bank, Goldman Sachs and RBC Capital Markets.

The bonds have a par call.

Proceeds from the sale will be used for general provincial purposes.

© 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.