The Province of British Columbia has raised $1.5 billion through a sale of notes, Reuters reports. The notes carry a coupon rate of 2.1% and are scheduled to mature on May 18, 2016.
The notes were sold at a spread of 25.55 basis points to yield 2.104%. Bank of America Merrill Lynch, CIBC and RBC were the joint bookrunning managers for the deal.
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