Aug 22 The Canadian province of Ontario on
Thursday sold C$650 million ($619 million) of debt in a
reopening of an existing issue, according a term sheet seen by
The issue consists of two parts, C$250 million ($238
million) is a public sale of notes, and C$400 million ($381
million) is placed on behalf of the syndicate. The terms of the
sale apply to both parts.
The 3.45 percent notes, due June 2, 2045, were priced at
86.246 to yield 4.242 percent or 103.5 basis points over the
Canadian government benchmark.
The investment dealer arm of Bank of Nova Scotia is lead
manager of the sale.
The total outstanding amount is now C$3.2 billion ($3.05