April 4 The Canadian province of Ontario on
Thursday sold C$600 million ($594 million) of debt in a
reopening of an existing issue, according to a term sheet seen
The 3.50 percent debt due June 2, 2043, was priced at
100.648 to yield 3.465 percent or 103 basis points over the
Canadian government benchmark.
The debt was issued in two parts, C$200 million ($198
million) in a public sale, and C$400 million ($396 million) in a
private placement. Both parts have the same pricing details.
The investment dealer arm of Toronto-Dominion Bank of
Commerce was the lead manager of the sale.
On Tuesday, Ontario sold C$1 billion ($990 million) in a
combined public sale and private placement reopening of the same
The total amount outstanding is now C$11.2 billion ($11.09