New Issue: Alberta sells C$275 million in add-on to 4% debentures due 2019 at 66 bps spread

By Cristal Cody

Prospect News, Nov. 30 - The Province of Alberta (Aaa/AAA/DBRS: AAA) sold C$275 million in a reopening of its 4% seven-year debentures at 112.288 to yield 2.099% on Friday, an informed source said.

The debentures due Dec. 1, 2019 priced at a spread of 66 basis points over the Government of Canada benchmark.

CIBC World Markets Inc., RBC Capital Markets and TD Securities Inc. were the lead managers.

The province first sold the issue in September 2009. The total outstanding is C$1,375,000,000.

Issuer:	Province of Alberta
Amount:	C$275 million reopening
Maturity:	Dec. 1, 2019
Securities:	Debentures
Bookrunners:	CIBC World Markets Inc., RBC Capital Markets, TD Securities Inc.
Coupon:	4%
Price:	112.288
Yield:	2.099%
Spread:	66 bps over Government of Canada benchmark
Pricing date:	Nov. 30
Settlement date:	Dec. 7
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	DBRS: AAA
Distribution:	Canada
Total outstanding:	C$1,375,000,000

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