New Issue: Prince Edward Island sells C$100 million add-on to 4.6% 2041 bonds at 95.5 bps spread

By Cristal Cody

Prospect News, July 26 - The Province of Prince Edward Island (DBRS: A) sold C$100 million in a reopening of its 4.6% bonds due May 19, 2041 at 104.823 to yield 4.343% on Tuesday, an informed bond source said.

The bonds priced at a spread of 95.5 basis points over the Government of Canada benchmark.

RBC Capital Markets Corp. was the lead manager.

Issuer:	Province of Prince Edward Island
Amount:	C$100 million reopening
Maturity:	May 19, 2041
Securities:	Bonds
Bookrunner:	RBC Capital Markets Corp.
Coupon:	4.6%
Price:	104.823
Yield:	4.343%
Spread:	95.5 bps over Government of Canada benchmark
Pricing date:	July 26
Rating:	DBRS: A
Distribution:	Canada

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