Ontario Raises $3.5B In Bond Sale

The province of Ontario has raised a total of $3.5 billion in a sale of senior unsecured notes,The Wall Street Journalreports. The bonds, which carry a coupon rate of 1.3%, will mature on Jan. 27, 2014.

The Canadian province has sold the securities to invest in schools and public health-care system. The joint book-running managers for the sale wereDeutsche Bank,HSBC,JP MorganandRoyal Bank of Canada, addsReuters.

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