Ontario sells C$1 bln of notes in reopening - term sheet

Thu Oct 17, 2013 11:24am EDT
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Oct 17 (Reuters) - The Canadian province of Ontario on Thursday sold C$1 billion ($971 million) of notes 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 98.839 to yield 2.353 percent or 48.5 basis points over the Canadian government benchmark.

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

The total issue amount outstanding is now C$5.5 billion ($5.34 billion).