Aug
16
Ontario Debt Sale Breaks Record After Post-Election Absence
By-
Province sells C$3.65 billion of bonds in two separate deals
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Canada’s most indebted province sold C$3.65 billion ($2.8 billion) of bonds in a return to debt markets after a longer-than-usual break following a change in government.
Ontario priced C$1 billion of 10-year fixed-rate securities earlier today, and followed that up shortly afterwards with a sale of C$2.65 billion of five-year floating-rate notes, a record for a domestic deal…