British Columbia sells $495 million in reopen

Mon Oct 24, 2011 12:52pm EDT
 
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(Reuters) - The Canadian province of British Columbia on Monday sold C$500 million ($495 million) in a reopening of an existing issue, according to a term sheet seen by Reuters.

The 4.30 percent debt, due June 18, 2042, was priced at 108.013 to yield 3.852 percent, or 86 basis points over the Canadian government benchmark, according to the term sheet.

The total amount now outstanding is C$3 billion ($2.97 billion).

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

($1=C$1.01)

(Reporting by Caryn Trokie; Editing by James Dalgleish)