Ontario sells C$600 mln in reopening - term sheet

Tue Jul 9, 2013 10:04am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

July 9 (Reuters) - The Canadian province of Ontario on Tuesday sold C$600 million ($571 million) in a reopening of an existing issue, according to a term sheet seen by Reuters.

The 3.45 percent bonds, due June 2, 2045, were priced at 91.212 to yield 3.936 percent or 99 basis points over the Canadian government benchmark.

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

The total issue amount is now C$2.55 billion ($2.43 billion).