Ontario sells C$750 mln 10-year notes in reopening

Tue Aug 27, 2013 10:26am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Aug 27 (Reuters) - The Canadian Province on Ontario on Tuesday sold C$750 million ($714 million) of 10-year 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 94.322 to yield 3.543 percent or 91.5 basis points over the Canadian government benchmark, according to the term sheet.

The lead manager on the sale was the investment dealer arm of Canadian Imperial Bank of Commerce.