The province of New Brunswick has raised $465 million through a bonds issue, The Wall Street Journal reports. The $165 million notes sold in first tranche carry a coupon rate of 4.50%, and are due to mature in June 2020.
The eastern Canadian province raised an additional $300 million from an issue of 30-year bond maturing in June 2041. The bond carries a coupon rate of 4.80%.
Click here for the story from The Wall Street Journal.