CU Inc sells C$600 mln of debentures - term sheet

Wed Sep 4, 2013 11:55am EDT
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Sept 4 (Reuters) - CU Inc on Wednesday sold C$600 million ($571 million) of 30-year debentures, according to a term sheet seen by Reuters.

The 4.722 percent issue, which is due Sept. 9, 2043, was priced at par to yield 155 basis points over the Canadian government benchmark.

The investment dealer arms of Bank of Montreal, and Royal Bank of Canada were the joint bookrunning manager of the sale.