Printer Friendly

-Royal Bank of Canada leads Ontario CAD750m debt sale.

BANKING AND CREDIT NEWS-June 10, 2011--Royal Bank of Canada leads Ontario CAD750m debt sale(C)2011 M2 COMMUNICATIONS http://www.m2.com

10 June 2011 -- The investment dealer unit of Royal Bank of Canada (TSE:RY) has arranged the sale of CAD750m (USD770m/EUR532m) of notes by the Canadian province of Ontario, Reuters said on Thursday citing a term sheet.

The debt, sold in a reopening of the province's existing 4.00% notes due 2 June 2021, was priced at 101.596% of par value to yield 3.806%, or 77 basis points over the Canadian benchmark.

The debt issue now has a total size of CAD4.5bn.

((Comments on this story may be sent to info@m2.com)).END.PUB430>PDJune 10, 2011>JNBANKING AND CREDIT NEWS.PRICEDATENOT APPLICABLE.DAY

COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Banking & Credit News (BCN)
Geographic Code:1CONT
Date:Jun 10, 2011
Words:131
Previous Article:-BBVA Banco Frances, Banco Santander Rio take part in YPF debt sale.
Next Article:-Pioneer Bankshares sets quarterly dividend at USD0.15 p/s.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters