Toronto, May 13, 2009
The Province of Ontario, rated AA/Aa1, has launched a USD 1.75 billion issue.
Due on May 22nd, 2012, the deal has a coupon of 3m USD LIBOR +45.0 bps (paid quarterly) and the issue price is 100%. Settlement date is May 22nd, 2009.
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The Ontario Financing Authority (OFA) is an agency of the Province of Ontario that manages the Province's debt and borrowing program.
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Ontario Financing Authority – borrowing, debt portfolio, regulatory filings
Ontario Ministry of Finance – finances, budget, economy and taxation