Saskatchewan sells C$400 mln of debt - term sheet

Wed Oct 2, 2013 10:15am EDT
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Oct 2 (Reuters) - The Canadian province of Saskatchewan on Wednesday sold C$400 million ($388 million) of bonds, according to a term sheet seen by Reuters.

The 3.90 percent bonds due June 2, 2045, were priced at 99.437 to yield 3.931 percent or 85.5 basis points over the Canadian government benchmark.

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