Ontario Raises $600M In Debt Sale

The Canadian Province of Ontario hasraised a totalof $600 million in a debt sale. The debt, which carries a coupon rate of 4.65%, will mature on June 2, 2041.

The securities were priced at 101.9 to yield 80.5 basis points over the Canadian government benchmark. The investment dealer arm of Toronto Dominion Bank was the sole led manager on the sale.

Click here for the story from Reuters.