Province of Ontario talks benchmark five-year notes at high-teens area over mid-swaps

By Aleesia Forni

Virginia Beach, May 12 – The Province of Ontario is in the market with a planned benchmark offering of five-year bonds, according to a market source.

The notes are guided in the high-teens area over mid-swaps.

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

The bookrunners are Barclays, BMO Capital, Citigroup Global Markets and HSBC Securities.

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