Ontario sells C$500 mln notes in reopening -term sheet

Fri Feb 22, 2013 10:33am EST

Related Topics

Feb 22 (Reuters) - The Canadian province of Ontario on Friday sold C$500 million ($485.4 million) in a reopening of an existing issue, according to a term sheet seen by Reuters.

The 2.10 percent notes, due Sept. 8, 2018, were priced at 100.093 to yield 2.082 percent or 62 basis points over the Canadian government benchmark.

The total amount now outstanding is C$2.5 billion ($2.4 billion).

In addition, C$1.0 billion notes ($971 million) were sold in the reopening. This transaction was a private placement. These notes will have the same price and yield as the public sale.

The total amount now outstanding is C$1.5 billion ($1.5 billion).

The investment dealer arm of Royal Bank of Canada was the lead manager of the sale.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article