Manitoba names HSBC, RBC and TD for tap

Sun Jan 11, 2015 11:05pm EST
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By John Weavers

SYDNEY, Jan 12 (IFR) - The Province of Manitoba, rated Aa1/AA, has mandated HSBC, RBC Capital Markets and TD Securities as lead managers for a tap of its 4.25% March 3 2025 Kangaroo bond.

Manitoba raised A$100m (US$82.2m) through the original issue on August 21 last year using the same three leads.

The bond priced at 99.707 to yield 4.285%, 71bp over the April 2025 Australian Commonwealth Government bond. (Reporting By John Weavers, editing by Dharsan Singh and Daniel Stanton)