Montreal medical center launches C$1.37 billion 37-year bond at 315 bps over Canada benchmark

By Rebecca Melvin

New York, June 6 - Centre Hospitalier de l'Universite de Montreal's widely anticipated C$1.37 billion 37-year bond issue was expected to price Tuesday, after officially launching Monday afternoon via RBC Capital Markets as lead manager and bookrunner, according to a syndicate source.

The bond offering was talked at a spread of 315 basis points over the Canadian government benchmark, RBC's head of syndication, Richard Van Nest, said.

The bond is rated BBB by Moody's Investors Service and BBB+ by DBRS.

The medical center, referred to by its French acronym CHUM, is one of two major hospital networks in Montreal.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.