New Issue: Ontario prices $250 million five-year floaters at par to yield Libor plus 25 bps

By Andrea Heisinger

New York, Nov. 15 - The Province of Ontario priced a $250 million offering of five-year floating-rate medium-term notes on Thursday at par to yield Libor plus 25 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aa2/AA-/) are non-callable.

Bookrunners were HSBC Securities (USA) Inc. and Morgan Stanley & Co. International plc.

Issuer:	Province of Ontario
Issue:	Floating-rate medium-term notes
Amount:	$250 million
Maturity:	Nov. 23, 2017
Bookrunners:	HSBC Securities (USA) Inc., Morgan Stanley & Co. International plc
Coupon:	Libor plus 25 bps
Price:	Par
Yield:	Libor plus 25 bps
Call:	Non-callable
Trade date:	Nov. 15
Settlement date:	Nov. 23
Ratings:	Moody's: Aa2
	Standard & Poor's: AA-

© 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.