New Issue: Metro issues C$400 million 3.413% series I senior notes due 2050

By Devika Patel

Knoxville, Tenn., Feb. 26 – Metro Inc. sold C$400 million of 3.413% 30-year series I senior notes (BBB//DBRS: BBB) at par, according to a press release.

BMO Capital Markets Corp., National Bank Financial Markets and RBC Capital Markets Corp. were the bookrunners.

Proceeds will be used to repay Metro’s series E notes at maturity and for general corporate purposes.

Metro is a Montreal-based food retailer in the Quebec and Ontario provinces.

Issuer:	Metro Inc.
Amount:	C$400 million
Description:	Series I senior notes
Maturity:	Feb. 28, 2050
Bookrunners:	BMO Capital Markets Corp., National Bank Financial Markets and RBC Capital Markets Corp.
Co-managers:	CIBC Capital Markets, Scotiabank, TD Securities (USA) LLC, Desjardins Securities and MUFG
Coupon:	3.413%
Price:	Par
Yield:	3.413%
Settlement date:	Feb. 26
Ratings:	S&P: BBB
	DBRS: BBB
Distribution:	Private placement

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