Feb 22 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
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
The investment dealer arm of Royal Bank of Canada was the
lead manager of the sale.