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-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

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.

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Publication:M2 Banking & Credit News (BCN)
Geographic Code:1CONT
Date:Jun 10, 2011
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