Ontario sells C$750 mln of debt in reopening - term sheet

Thu Mar 7, 2013 10:14am EST
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March 7 (Reuters) - The Canadian province of Ontario on Thursday sold C$750 million ($728 million) of notes in a reopening of an existing issue, according to a term sheet seen by Reuters.

The 2.85 percent notes, due June 2, 2023, were priced at 99.681 to yield 2.886 percent or 90 basis points over the Canadian government benchmark.

The investment dealer arm of Bank of Nova Scotia was the lead manager of the sale.

The total issue amount outstanding is now C$4 billion ($3.88 billion).