The province of Ontario has raised a total of $3.5 billion in a sale of senior unsecured notes, The Wall Street Journal reports. The bonds, which carry a coupon rate of 1.3%, will mature on Jan. 27, 2014. The Canadian province has sold the securities to invest in schools and public health-care system. The joint book-running managers for the sale were Deutsche Bank, HSBC, JP Morgan and Royal Bank of Canada, adds Reuters.
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