New Issue-Province of Ontario sells $4 bln in 2 parts

Tue Nov 10, 2009 9:53pm GMT
[-] Text [+]
  Nov 10 (Reuters) - The Province of Ontario, Canada, on
Tuesday sold $4 billion of debt in two parts, said IFR, a
Thomson Reuters service.
  Barclays, Credit Suisse, JP Morgan, and TD Securities were
the joint bookrunning managers for the sale.
BORROWER: THE PROVINCE OF ONTARIO
FIRST TRANCHE:
AMT $3 BLN        COUPON 1.875 PCT    MATURITY 11/19/2012
TYPE FXD NTS      ISS PRICE 99.817    FIRST PAY 5/19/2010
MOODY'S Aa1       YIELD N/A           SETTLEMENT 11/19/2009
S&P AA-MINUS      SPREAD 55.2 BPS     PAY FREQ SEMI-ANNUAL
FITCH DOUBLE-A     MORE THAN TREAS    NON-CALLABLE       
SECOND TRANCHE:
AMT $1 BLN        COUPON 3-MO         MATURITY 11/19/2012
                LIBOR +15 BPS                       
TYPE GLBL FRN     ISS PRICE 100       FIRST PAY 5/19/2010
MOODY'S Aa1       YIELD N/A           SETTLEMENT 11/19/2009
S&P AA-MINUS      SPREAD N/A          PAY FREQ SEMI-ANNUAL
FITCH DOUBLE-A                        NON-CALLABLE       


 
 
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