By Cristal Cody
Eureka Springs, Ark., Nov. 18 – PSP Capital Inc. sold C$1 billion of 2.09% seven-year medium-term notes at 99.987 to yield 2.092%, according to a market source on Friday.
The series 9 notes due Nov. 22, 2023 (DBRS: AAA) priced with a spread of 83 basis points over the interpolated Government of Canada bond curve.
TD Securities Inc., RBC Dominion Securities Inc. and CIBC World Markets Inc. were the bookrunners.
The notes are unconditionally and irrevocably guaranteed by the Public Sector Pension Investment Board.
Montreal-based PSP Capital is a financing arm and subsidiary of the Public Sector Pension Investment Board.
Issuer: | PSP Capital Inc.
|
Guarantor: | Public Sector Pension Investment Board
|
Amount: | C$1 billion
|
Maturity: | Nov. 22, 2023
|
Securities: | Medium-term notes
|
Bookrunners: | TD Securities Inc., RBC Dominion Securities Inc., CIBC World Markets Inc.
|
Coupon: | 2.09%
|
Price: | 99.987
|
Yield: | 2.092%
|
Spread: | 83 bps over interpolated Government of Canada bond curve
|
Pricing date: | Nov. 17
|
Settlement date: | Nov. 22
|
Rating: | DBRS: AAA
|
Distribution: | Canada
|
© 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.