Manitoba USD800m 3.05% May 24

By Tessa Wilkie
08 May 2014

Rating: Aa1/AA/-

Amount: $800m global

Maturity: May 14, 2024

Issue/reoffer price: 99.65

Coupon: 3.05%

Spread at reoffer: mid-swaps plus 39bp

Launch date: Wednesday May 7

Payment date: May 14

Joint books: Bank of Montreal, CIBC, HSBC, TD Securities

Bookrunners’ comment:

We ended up with an order book of around $1.6bn, which is great given the issuer’s size ambitions. ...

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