Representation of Underwriters. In all dealings hereunder, the Representatives shall, and have all necessary authority to, act on behalf of each of the Underwriters, and the Province shall be entitled to act and rely upon any statement, request, notice or agreement given by the Representatives, jointly or individually, on behalf of any of the Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, By: /s/ Opallycia A. Kandelas Name: Opallycia A. Kandelas Title: Director, Capital Markets Operations Capital Markets Division Ontario Financing Authority The foregoing Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: MD & Co. Head US Investor Salesanaging Director Global Fixed Income Currencies & Commodities For itself and on behalf of the several Representatives and the several Underwriters. Issuer: Province of Ontario Title: 2.550% Bonds due February 12, 2021 Aggregate Principal Amount: US$3,000,000,000 Denominations: US$5,000 and integral multiples of US$1,000 for amounts in excess of US$5,000 Trade Date: February 6, 2018 Issue Date (Settlement Date): February 12, 2018 (T+4) Maturity Date: February 12, 2021 Interest Payment Dates: February 12 and August 12 of each year, commencing August 12, 2018. Interest will accrue from February 12, 2018. Spread to Treasury: + 36.7 basis points Spread to Mid-Swaps: + 15 basis points Benchmark Treasury: Treasury Spot/Yield: Yield to Maturity: UST 2.000% due January 15, 2021 $99-11 ¼ / 2.229% 2.596% semi annual Interest Rate: 2.550% Public Offering Price: 99.868% plus accrued interest from February 12, 2018 if settlement occurs after that date Day Count Convention: 30/360 Underwriters: Barclays Bank PLC BMO Capital Markets Corp. Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated Xxxxxx Xxxxxxx & Co. International plc National Bank of Canada Financial Inc. CIBC World Markets Corp. RBC Capital Markets, LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC Prospectus and Prospectus Supplement: Prospectus dated as of April 11, 2016, and Preliminary Prospectus Supplement dated as of February 6, 2018. CUSIP# / ISIN#: 00000XXX0 / US68323AES96 Listing: Admission to the Luxembourg Stock Exchange's Official List and to trading on the Luxembourg Stock Exchange's Euro MTF Market may be completed upon or following settlement on a reasonable efforts basis. Settlement: We expect that delivery of the Bonds will be made against payment therefor on or about the closing date of this offering specified on the cover page of the prospectus supplement, which is four business days following the date of pricing of the Bonds (this settlement cycle being referred to as "T+4"). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Bonds on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Bonds initially will settle in T+4, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Bonds who wish to trade their Bonds on the date of pricing or the next succeeding business day should consult their own adviser.
Appears in 1 contract
Representation of Underwriters. In all dealings hereunder, the Representatives shall, and have all necessary authority to, act on behalf of each of the Underwriters, and the Province shall be entitled to act and rely upon any statement, request, notice or agreement given by the Representatives, jointly or individually, on behalf of any of the Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, By: /s/ Opallycia A. Kandelas Name: Opallycia A. Kandelas Title: Director, Capital Markets Operations Capital Markets Division Ontario Financing Authority The foregoing Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Xxxxx X. Xxxxxx Xxxxxxxx Name: Xxxxx X. Xxxxxx Xxxxxxxx Title: MD & Co. Head US Investor Salesanaging Director Global Fixed Income Currencies & Commodities Authorized Signatory For itself and on behalf of the several Representatives and the several Underwriters. Issuer: Province of Ontario Title: 2.5501.25% Bonds due February 12June 17, 2021 2019 Aggregate Principal Amount: US$3,000,000,000 1,750,000,000 Denominations: US$5,000 and integral multiples of US$1,000 for amounts in excess of US$5,000 Trade Date: February 6June 8, 2018 2016 Issue Date (Settlement Date): February 12June 17, 2018 2016 (T+4T+7) Maturity Date: February 12June 17, 2021 2019 Interest Payment Dates: February 12 June 17 and August 12 December 17 of each year, commencing August 12December 17, 20182016. Interest will accrue from February 12June 17, 20182016. Spread to Treasury: + 36.7 39.9 basis points Spread to Mid-Swaps: + 15 31 basis points Benchmark Treasury: Treasury Spot/Yield: Yield to Maturity: UST 2.0000.875% due January June 15, 2021 $2019 99-11 ¼ 26¾ / 2.2290.931% 2.5961.330% semi annual Interest Rate: 2.5501.25% Public Offering Price: 99.86899.765% plus accrued interest from February 12June 17, 2018 2016 if settlement occurs after that date Day Count Convention: 30/360 Underwriters: Barclays Bank PLC BMO Capital Citigroup Global Markets Corp. Inc. Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated Xxxxxx Xxxxxxx & Co. International plc RBC Capital Markets, LLC BMO Capital Markets Corp. CIBC World Markets Corp. National Bank of Canada Financial Inc. CIBC World Markets Corp. RBC Capital Markets, LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC Prospectus and Prospectus Supplement: Prospectus dated as of April 11, 2016, and Preliminary Prospectus Supplement dated as of February 6June 8, 20182016. CUSIP# / ISIN#: 00000XXX0 / US68323AES96 US68323ADY73 Listing: Admission to the Luxembourg Stock Exchange's ’s Official List and to trading on the Luxembourg Stock Exchange's ’s Euro MTF Market may be completed upon or following settlement on a reasonable efforts basis. Settlement: We expect that delivery of the Bonds will be made against payment therefor on or about the closing date of this offering specified on the cover page of the prospectus supplement, which is four seven business days following the date of pricing of the Bonds (this settlement cycle being referred to as "T+4"“T+7”). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Bonds on the date of pricing or the next three succeeding business day days will be required, by virtue of the fact that the Bonds initially will settle in T+4T+7, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Bonds who wish to trade their Bonds on the date of pricing or the next three succeeding business day days should consult their own adviser.
Appears in 1 contract
Representation of Underwriters. In all dealings hereunder, the Representatives shall, and have all necessary authority to, act on behalf of each of the Underwriters, and the Province shall be entitled to act and rely upon any statement, request, notice or agreement given by the Representatives, jointly or individually, on behalf of any of the Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, By: /s/ Opallycia A. Kandelas Name: Opallycia A. Kandelas Title: Director, Capital Markets Operations Capital Markets Division Ontario Financing Authority The foregoing Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Xxxxx X. Xxxxxxx Xxxxxx Name: Xxxxx X. Xxxxxxx Xxxxxx Title: MD & Co. Managing Director, Head US Investor Salesanaging Director Global Fixed Income Currencies & Commodities FICC For itself and on behalf of the several Representatives and the several Underwriters. Issuer: Province of Ontario Title: 2.5503.400% Bonds due February 12October 17, 2021 2023 Aggregate Principal Amount: US$3,000,000,000 2,500,000,000 Denominations: US$5,000 and integral multiples of US$1,000 for amounts in excess of US$5,000 Trade Date: February 6October 10, 2018 Issue Date (Settlement Date): February 12October 17, 2018 (T+4T+5) Maturity Date: February 12October 17, 2021 2023 Interest Payment Dates: February 12 April 17 and August 12 October 17 of each year, commencing August 12April 17, 20182019. Interest will accrue from February 12October 17, 2018. Spread to Treasury: + 36.7 +37.75 basis points Spread to Mid-Swaps: + 15 25 basis points Benchmark Treasury: Treasury Spot/Yield: Yield to Maturity: UST 2.0002.875% due January 15September 30, 2021 2023 $99-11 ¼ 05+ / 2.2293.056% 2.5963.434% semi annual Interest Rate: 2.5503.400% Public Offering Price: 99.86899.845% plus accrued interest from February 12October 17, 2018 if settlement occurs after that date Day Count Convention: 30/360 Underwriters: Barclays Bank PLC Citigroup Global Markets Limited Xxxxxxx Xxxxx International Scotia Capital (USA) Inc. BMO Capital Markets Corp. Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated Xxxxxx Xxxxxxx & Co. International plc National Bank of Canada Financial Inc. CIBC World Markets Corp. RBC Capital Markets, LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC Prospectus and Prospectus Supplement: Prospectus dated as of April 11, 2016, and Preliminary Prospectus Supplement dated as of February 6October 10, 2018. CUSIP# / ISIN#: 00000XXX0 68323A FB5 / US68323AES96 US68323AFB52 Listing: Admission to the Luxembourg Stock Exchange's Official List and to trading on the Luxembourg Stock Exchange's Euro MTF Market may be completed upon or following settlement on a reasonable efforts basis. Settlement: We expect that delivery of the Bonds will be made against payment therefor on or about the closing date of this offering specified on the cover page of the prospectus supplement, which is four five business days following the date of pricing of the Bonds (this settlement cycle being referred to as "T+4T+5"). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Bonds on the date of pricing or the next two succeeding business day days will be required, by virtue of the fact that the Bonds initially will settle in T+4T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Bonds who wish to trade their Bonds on the date of pricing or the next two succeeding business day days should consult their own adviser.
Appears in 1 contract
Representation of Underwriters. In all dealings hereunder, the Representatives shall, and have all necessary authority to, act on behalf of each of the Underwriters, and the Province shall be entitled to act and rely upon any statement, request, notice or agreement given by the Representatives, jointly or individually, on behalf of any of the Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, Province of New Brunswick By: /s/ Opallycia A. Kandelas Xxxxxxx Xxx-Xxxxx Name: Opallycia A. Kandelas Xxxxxxx Xxx-Xxxxx Title: Director, Capital Markets Operations Capital Markets Division Ontario Financing Authority Assistant Deputy Minister Department of Finance The foregoing Underwriting Agreement is hereby confirmed and accepted as of the date first above written. RBC Capital Markets, LLC By: /s/ Xxxxx X. Xxxxxx Jigme Shingsar Name: Xxxxx X. Xxxxxx Jigme Shingsar Title: MD & Co. Head US Investor Salesanaging Director Global Fixed Income Currencies & Commodities For Authorized Signatory Acting for itself and on behalf of the several Representatives and the several Underwriters. Underwriters Approved for External Use Issuer: Province of Ontario New Brunswick Title: 2.5502.750% Bonds Bonds, Series HD, due February 12June 15, 2021 Aggregate Principal Amount2018 Format: SEC Registered Global Offering Ranking: Direct, unconditional debt Size: US$3,000,000,000 750,000,000 Trade Date: June 9, 2011 Settlement Date: June 16, 2011 Maturity: June 15, 2018 Interest Payment Dates: June 15 and December 15 of each year First Interest Payment Date: December 15, 2011, short first coupon Spread to Benchmark Treasury: T+ 54.55bps Spread to Mid-Swaps: + 35bps Benchmark Treasury: 2.375% due 5/31/2018 UST Spot/Yield: 100-25+ /2.251% Yield to Maturity: 2.797% Coupon: 2.750% payable semi-annually Price: 99.703%, plus accrued interest, if any, from June 16, 2011 Day Count: 30/360 Minimum Denominations: US$5,000 and integral multiples of US$1,000 for amounts in excess of US$5,000 Trade DateJoint Lead Managers: February 6, 2018 Issue Date (Settlement Date): February 12, 2018 (T+4) Maturity Date: February 12, 2021 Interest Payment Dates: February 12 and August 12 of each year, commencing August 12, 2018. Interest will accrue from February 12, 2018. Spread to Treasury: + 36.7 basis points Spread to Mid-Swaps: + 15 basis points Benchmark Treasury: Treasury Spot/Yield: Yield to Maturity: UST 2.000% due January 15, 2021 $99-11 ¼ / 2.229% 2.596% semi annual Interest Rate: 2.550% Public Offering Price: 99.868% plus accrued interest from February 12, 2018 if settlement occurs after that date Day Count Convention: 30/360 Underwriters: Barclays Bank PLC BMO BofA Xxxxxxx Xxxxx CIBC RBC Capital Markets Corp. Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated Xxxxxx Xxxxxxx & Co. International plc Co-managers: National Bank of Canada Financial Inc. CIBC World Markets Corp. RBC Capital Markets, LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC BMO Capital Markets Cusip#/ISIN#: 642869 AC5/US642869AC54 Listing: Admission to UKLA’s Official List and to trading on London Stock Exchange’s regulated market may be completed following settlement. Governing Law: Province of New Brunswick and Canada. Prospectus and Prospectus Supplement: Prospectus dated as of April 11December 15, 2016, 2006 and Preliminary Prospectus Supplement dated as of February 6June 9, 2018. CUSIP# / ISIN#2011 xxxx://xxx.xxx.xxx/Archives/xxxxx/data/862406/000095012311057755/o71608e424b2.htm United States Taxation: 00000XXX0 / US68323AES96 Listing: Admission Notwithstanding any express limitation to the Luxembourg Stock Exchange's Official List contrary, the discussion in the Prospectus describes the material United States federal income tax considerations regarding the purchase, ownership and to trading on the Luxembourg Stock Exchange's Euro MTF Market may be completed upon or following settlement on a reasonable efforts basis. Settlement: We expect that delivery disposition of the Bonds will be made against payment therefor on or about to U.S. Holders (as defined in the closing date Prospectus) who are initial purchasers of Bonds purchasing Bonds at the price set forth in this offering specified on the cover page of the prospectus supplementterm sheet, which is four business days following the date of pricing of even though the Bonds (this settlement cycle being referred to as "T+4"). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Bonds on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Bonds initially will settle in T+4, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Bonds who wish to trade their Bonds on the date of pricing or the next succeeding business day should consult their own adviserissued with de minimis original issue discount.
Appears in 1 contract
Representation of Underwriters. In all dealings hereunder, the Representatives shall, and have all necessary authority to, act on behalf of each of the Underwriters, and the Province shall be entitled to act and rely upon any statement, request, notice or agreement given by the Representatives, jointly or individually, on behalf of any of the Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, By: /s/ Opallycia A. Kandelas Name: Opallycia A. Kandelas Title: Director, Capital Markets Operations Capital Markets Division Ontario Financing Authority The foregoing Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Xxxxx X. Xxxxxx Xxxx Xxxx Name: Xxxxx X. Xxxxxx Xxxx Xxxx Title: MD & Co. Head US Investor Salesanaging Director Global Fixed Income Currencies & Commodities For itself and on behalf of the several Representatives and the several Underwriters. Issuer: Province of Ontario Title: 2.5501.625% Bonds due February 12January 18, 2021 2019 Aggregate Principal Amount: US$3,000,000,000 2,500,000,000 Denominations: US$5,000 and integral multiples of US$1,000 for amounts in excess of US$5,000 Trade Date: February 6January 13, 2018 2016 Issue Date (Settlement Date): February 12January 21, 2018 (T+4) 2016 Maturity Date: February 12January 18, 2021 2019 Interest Payment Dates: February 12 January 18 and August 12 July 18 of each year, commencing August 12with a short first coupon on July 18, 20182016. Interest will accrue from February 12January 21, 20182016. Spread to Treasury: + 36.7 +56.5 basis points Spread to Mid-Swaps: + 15 +55.0 basis points Benchmark Treasury: UST 1.125% due January 15, 2019 Treasury Spot/Yield: 99-28 ¼ / 1.165% Yield to Maturity: UST 2.000% due January 15, 2021 $99-11 ¼ / 2.229% 2.5961.730% semi annual Interest Rate: 2.5501.625% Public Offering Price: 99.86899.695% plus accrued interest from February 12January 21, 2018 2016 if settlement occurs after that date Day Count Convention: 30/360 Underwriters: Barclays Bank PLC BMO Capital Markets Corp. Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated Xxxxxx Xxxxxxx & and Co. International plc National Bank of Canada Financial Inc. CIBC World Markets Corp. RBC Capital Markets, LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC BMO Capital Markets Corp. CIBC World Markets Corp. National Bank of Canada Financial Inc. RBC Capital Markets, LLC Prospectus and Prospectus Supplement: Prospectus dated as of April 11May 13, 20162010, and Preliminary Prospectus Supplement dated as of February 6January 13, 2018. 2016 CUSIP# / ISIN#: 00000XXX0 68323A DK7 / US68323AES96 US68323ADK79 Listing: Admission to the Luxembourg Stock Exchange's Official List and to trading on the Luxembourg Stock Exchange's Euro MTF Market may be completed upon or following settlement on a reasonable efforts basis. Settlement: We expect that delivery of the Bonds will be made against payment therefor on or about the closing date of this offering specified on the cover page of the prospectus supplement, which is four five business days following the date of pricing of the Bonds (this settlement cycle being referred to as "T+4T+5"). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Bonds on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Bonds initially will settle in T+4T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Bonds who wish to trade their Bonds on the date of pricing or the next succeeding business day should consult their own adviser.
Appears in 1 contract
Representation of Underwriters. In all dealings hereunder, the Representatives shall, and have all necessary authority to, act on behalf of each of the Underwriters, and the Province shall be entitled to act and rely upon any statement, request, notice or agreement given by the Representatives, jointly or individually, on behalf of any of the Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, yours By: /s/ Opallycia A. Kandelas Xxxxxxx Xxx-Xxxxx Name: Opallycia A. Kandelas Xxxxxxx Xxx-Xxxxx Title: DirectorAssistant Deputy Minister Treasury Division, Capital Markets Operations Capital Markets Division Ontario Financing Authority Department of Finance [Signature Page to Underwriting Agreement] The foregoing Underwriting Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Xxxxx X. Xxxxxx Xxxx Xxxx Name: Xxxxx X. Xxxxxx Xxxx Xxxx Title: MD & Co. Head US Investor Salesanaging Director Global Fixed Income Currencies & Commodities For Acting for itself and on behalf of the several Representatives and the several Underwriters. Underwriters Issuer: Province of Ontario New Brunswick Existing Long-Term Issuer Ratings:1 [Intentionally Omitted] Title: 2.5502.500% Bonds due February December 12, 2021 2022 Aggregate Principal Amount: US$3,000,000,000 500,000,000 Trade Date: December 5, 2017 Issue Date (Settlement Date): December 12, 2017 (T+5) Maturity Date: December 12, 2022 Interest Payment Dates: June 12 and December 12 of each year, commencing on June 12, 2018. Interest will accrue from December 12, 2017. Spread to Benchmark Treasury: T+ 37.8 basis points Spread to Mid-Swaps: + 32 basis points Benchmark Treasury: UST 2.00% due November 30, 2022 Treasury Spot/Yield: 99-07¼ /2.165% Yield to Maturity: 2.543% semi-annual Interest Rate: 2.500% Public Offering Price: 99.799%, plus accrued interest, if any, from December 12, 2017 ____________________ 1 A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Use of Proceeds: The net proceeds to the Issuer from the sale of the debt securities will be used to refinance existing debt and any remainder will be added to the Consolidated Fund of the Issuer to be used for general Provincial purposes. Day Count Convention: 30/360 Denominations: US$5,000 and integral multiples of US$1,000 for amounts in excess of US$5,000 Trade DateJoint Book-Running Managers: February 6, 2018 Issue Date (Settlement Date): February 12, 2018 (T+4) Maturity Date: February 12, 2021 Interest Payment Dates: February 12 and August 12 of each year, commencing August 12, 2018. Interest will accrue from February 12, 2018. Spread to Treasury: + 36.7 basis points Spread to Mid-Swaps: + 15 basis points Benchmark Treasury: Treasury Spot/Yield: Yield to Maturity: UST 2.000% due January 15, 2021 $99-11 ¼ / 2.229% 2.596% semi annual Interest Rate: 2.550% Public Offering Price: 99.868% plus accrued interest from February 12, 2018 if settlement occurs after that date Day Count Convention: 30/360 Underwriters: Barclays Bank PLC BMO Capital Markets Corp. Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated Xxxxxx Xxxxxxx & Co. International plc National Bank of Canada Financial Inc. CIBC World Markets Corp. RBC Capital Markets, LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC Prospectus and Prospectus SupplementCo-Managers: Prospectus dated as CIBC World Markets Corp. Xxxxxxx Xxxxx, Pierce, Fenner, & Xxxxx Incorporated National Bank of April 11, 2016, and Preliminary Prospectus Supplement dated as of February 6, 2018. Canada Financial Inc. CUSIP# / ISIN#: 00000XXX0 642869 AK7 / US68323AES96 US642869AK70 Listing: Admission to the Luxembourg Stock Exchange's ’s Official List and to trading on the Luxembourg Stock Exchange's ’s Euro MTF Market may be completed upon or following settlement on a reasonable efforts basis. Governing Law: Province of New Brunswick and Canada. Base Prospectus and Prospectus Supplement: Base Prospectus that became effective on June 26, 2012 and Preliminary Prospectus Supplement dated as of December 4, 2017 xxxxx://xxx.xxx.xxx/Archives/xxxxx/data/862406/000095010317011955/dp83668_424b2.htm Settlement: We expect that delivery of the Bonds will be made against payment therefor on or about the closing date of this offering specified on the cover page of the prospectus supplementProspectus Supplement, which is four five business days following the date of pricing of the Bonds (this settlement cycle being referred to as "T+4"“T+5”). Under Rule 15c6-1 of the U.S. Exchange Act, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Bonds on the date of pricing or the next succeeding three business day days will be required, by virtue of the fact that the Bonds initially will settle in T+4T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Bonds who wish to trade their Bonds on the date of pricing or the next succeeding three business day days should consult their own adviser.
Appears in 1 contract
Representation of Underwriters. In all dealings hereunder, the Representatives shall, and have all necessary authority to, act on behalf of each of the Underwriters, and the Province shall be entitled to act and rely upon any statement, request, notice or agreement given by the Representatives, jointly or individually, on behalf of any of the Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, By: /s/ Opallycia A. Kandelas Name: Opallycia A. Kandelas Title: Director, Capital Markets Operations Capital Markets Division Ontario Financing Authority The foregoing Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Xxxxx Xxx X. Xxxxxx Xxxx Name: Xxxxx Xxx X. Xxxxxx Xxxx Title: MD & Co. Head US Investor Salesanaging Director Global Fixed Income Currencies & Commodities For itself and on behalf of the several Representatives and the several Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, By: /s/ Xxxxxxx X. Xxxxxxx Name: Xxxxxxx X. Xxxxxxx Title: Executive Director and Chief Investment Officer, Capital Markets Division Ontario Financing Authority The foregoing Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Xxxxxxx Xxxx Name: Xxxxxxx Xxxx Title: Director For itself and on behalf of the several Representatives and the several Underwriters. Issuer: Province of Ontario Title: 2.550% Bonds due February 12April 25, 2021 2022 Aggregate Principal Amount: US$3,000,000,000 1,750,000,000 Denominations: US$5,000 and integral multiples of US$1,000 for amounts in excess of US$5,000 Trade Date: February 6April 17, 2018 2019 Issue Date (Settlement Date): February 12April 25, 2018 2019 (T+4T+5) Maturity Date: February 12April 25, 2021 2022 Interest Payment Dates: February 12 April 25 and August 12 October 25 of each year, commencing August 12October 25, 20182019. Interest will accrue from February 12April 25, 20182019. Spread to Treasury: + 36.7 22 basis points Spread to Mid-Swaps: + 15 basis points Benchmark Treasury: UST 2.250% due April 15, 2022 Treasury Spot/Yield: $99-20 ¾ / 2.372% Yield to Maturity: UST 2.000% due January 15, 2021 $99-11 ¼ / 2.229% 2.5962.592% semi annual Interest Rate: 2.550% Public Offering Price: 99.86899.880% plus accrued interest from February 12April 25, 2018 2019 if settlement occurs after that date Day Count Convention: 30/360 Underwriters: Barclays Bank PLC Citigroup Global Markets Limited Xxxxxxx Xxxxx International TD Securities (USA) LLC BMO Capital Markets Corp. Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated Xxxxxx Xxxxxxx & Co. International plc CIBC World Markets Corp. National Bank of Canada Financial Inc. CIBC World Markets Corp. RBC Capital Markets, LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC Prospectus and Prospectus Supplement: Prospectus dated as of April 11, 2016, and Preliminary Prospectus Supplement dated as of February 6April 17, 20182019. MiFID II Product Governance: Professional & Eligible Counterparties target market CUSIP# / ISIN#: 00000XXX0 68323A FE9 / US68323AES96 US68323AFE91 Listing: Admission to the Luxembourg Stock Exchange's ’s Official List and to trading on the Luxembourg Stock Exchange's ’s Professional Segment of the Euro MTF Market may be completed upon or following settlement on a reasonable efforts basis. Settlement: We expect that delivery of the Bonds will be made against payment therefor on or about the closing date of this offering specified on the cover page of the prospectus supplement, which is four five business days following the date of pricing of the Bonds (this settlement cycle being referred to as "T+4"“T+5”). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Bonds on the date of pricing or the next two succeeding business day days will be required, by virtue of the fact that the Bonds initially will settle in T+4T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Bonds who wish to trade their Bonds on the date of pricing or the next two succeeding business day days should consult their own adviser.
Appears in 1 contract
Representation of Underwriters. In all dealings hereunder, the Representatives shall, and have all necessary authority to, act on behalf of each of the Underwriters, and the Province shall be entitled to act and rely upon any statement, request, notice or agreement given by the Representatives, jointly or individually, on behalf of any of the Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, By: /s/ Opallycia A. Kandelas Xxxxx Xxxxxx Name: Opallycia A. Kandelas Xxxxx Xxxxxx Title: Director, Capital Markets Operations Debt Management Capital Markets Division Ontario Financing Authority The foregoing Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Xxxxx X. Xxxx Xxxxxx Name: Xxxxx X. Xxxx Xxxxxx Title: MD & Co. Head US Investor Salesanaging Managing Director Global Fixed Income Currencies & Commodities For itself and on behalf of the several Representatives and the several Underwriters. Issuer: Province of Ontario Title: 2.5502.250% Bonds due February 12May 18, 2021 2022 Aggregate Principal Amount: US$3,000,000,000 2,000,000,000 Denominations: US$5,000 and integral multiples of US$1,000 for amounts in excess of US$5,000 Trade Date: February 6May 11, 2018 2017 Issue Date (Settlement Date): February 12May 18, 2018 2017 (T+4T+5) Maturity Date: February 12May 18, 2021 2022 Interest Payment Dates: February 12 May 18 and August 12 November 18 of each year, commencing August 12November 18, 20182017. Interest will accrue from February 12May 18, 20182017. Spread to Treasury: + 36.7 35.6 basis points Spread to Mid-Swaps: + 15 29 basis points Benchmark Treasury: Treasury Spot/Yield: Yield to Maturity: UST 2.0001.875% due January 15April 30, 2021 $2022 99-11 ¼ 24 ¾ / 2.2291.923% 2.5962.279% semi annual Interest Rate: 2.5502.250% Public Offering Price: 99.86899.864% plus accrued interest from February 12May 18, 2018 2017 if settlement occurs after that date Day Count Convention: 30/360 Underwriters: Barclays Bank PLC CIBC World Markets Corp. Xxxxxxx Xxxxx International X.X. Xxxxxx Securities plc BMO Capital Markets Corp. Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated Xxxxxx Xxxxxxx & Co. International plc National Bank of Canada Financial Inc. CIBC World Markets Corp. RBC Capital Markets, LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC Prospectus and Prospectus Supplement: Prospectus dated as of April 11, 2016, and Preliminary Prospectus Supplement dated as of February 6May 11, 20182017. CUSIP# / ISIN#: 00000XXX0 683234 2L1 / US68323AES96 US6832342L18 Listing: Admission to the Luxembourg Stock Exchange's Official List and to trading on the Luxembourg Stock Exchange's Euro MTF Market may be completed upon or following settlement on a reasonable efforts basis. Settlement: We expect that delivery of the Bonds will be made against payment therefor on or about the closing date of this offering specified on the cover page of the prospectus supplement, which is four five business days following the date of pricing of the Bonds (this settlement cycle being referred to as "T+4T+5"). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Bonds on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Bonds initially will settle in T+4T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Bonds who wish to trade their Bonds on the date of pricing or the next succeeding business day should consult their own adviser.
Appears in 1 contract
Representation of Underwriters. In all dealings hereunder, the Representatives shall, and have all necessary authority to, act on behalf of each of the Underwriters, and the Province shall be entitled to act and rely upon any statement, request, notice or agreement given by the Representatives, jointly or individually, on behalf of any of the Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, By: /s/ Opallycia A. Kandelas Name: Opallycia A. Kandelas Title: Director, Capital Markets Operations Capital Markets Division Ontario Financing Authority The foregoing Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: MD & Co. Head US Investor Salesanaging Managing Director Global Fixed Income Currencies & Commodities For itself and on behalf of the several Representatives and the several Underwriters. Issuer: Province of Ontario Title: 2.5502.50% Bonds due February 12April 27, 2021 2026 Aggregate Principal Amount: US$3,000,000,000 1,000,000,000 Denominations: US$5,000 and integral multiples of US$1,000 for amounts in excess of US$5,000 Trade Date: February 6April 20, 2018 2016 Issue Date (Settlement Date): February 12April 27, 2018 (T+4) 2016 Maturity Date: February 12April 27, 2021 2026 Interest Payment Dates: February 12 April 27 and August 12 October 27 of each year, commencing August 12on October 27, 20182016. Interest will accrue from February 12April 27, 20182016. Spread to Treasury: + 36.7 +75.2 basis points Spread to Mid-Swaps: + 15 +88 basis points Benchmark Treasury: UST 1.625% due February 15, 2026 Treasury Spot/Yield: 98-16+ / 1.79% Yield to Maturity: UST 2.000% due January 15, 2021 $99-11 ¼ / 2.229% 2.5962.542% semi annual Interest Rate: 2.5502.50% Public Offering Price: 99.86899.631% plus accrued interest from February 12April 27, 2018 2016 if settlement occurs after that date Day Count Convention: 30/360 Underwriters: Barclays Bank PLC BMO Capital Markets Corp. Deutsche Bank AG, London Branch Xxxxxxx Lynch, Pierce, Xxxxx International X.X. Xxxxxx & Xxxxx Incorporated Xxxxxx Xxxxxxx & Co. International Securities plc CIBC World Markets Corp. National Bank of Canada Financial Inc. CIBC World Markets Corp. RBC Capital Markets, LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC Prospectus and Prospectus Supplement: Prospectus dated as of April 11, 2016, and Preliminary Prospectus Supplement dated as of February 6April 20, 2018. 2016 xxxxx://xxx.xxx.xxx/Archives/xxxxx/data/74615/000119312516547462/d129343d424b2.htm CUSIP# / ISIN#: 00000XXX0 / US68323AES96 US68323ADP66 Listing: Admission to the Luxembourg Stock Exchange's ’s Official List and to trading on the Luxembourg Stock Exchange's ’s Euro MTF Market may be completed upon or following settlement on a reasonable efforts basis. Settlement: We expect that delivery of the Bonds will be made against payment therefor on or about the closing date of this offering specified on the cover page of the prospectus supplement, which is four five business days following the date of pricing of the Bonds (this settlement cycle being referred to as "T+4"“T+5”). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Bonds on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Bonds initially will settle in T+4T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Bonds who wish to trade their Bonds on the date of pricing or the next succeeding business day should consult their own adviser.
Appears in 1 contract
Representation of Underwriters. In all dealings hereunder, the Representatives shall, and have all necessary authority to, act on behalf of each of the Underwriters, and the Province shall be entitled to act and rely upon any statement, request, notice or agreement given by the Representatives, jointly or individually, on behalf of any of the Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, By: /s/ Opallycia A. Kandelas Name: Opallycia A. Kandelas Title: Director, Capital Markets Operations Capital Markets Division Ontario Financing Authority The foregoing Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Xxxxx X. Xxxx Xxxxxx Name: Xxxxx X. Xxxx Xxxxxx Title: MD & Co. Head US Investor Salesanaging Managing Director Global Fixed Income Currencies & Commodities For itself and on behalf of the several Representatives and the several Underwriters. Issuer: Province of Ontario Title: 2.5503.050% Bonds due February 12January 29, 2021 2024 Aggregate Principal Amount: US$3,000,000,000 2,500,000,000 Denominations: US$5,000 and integral multiples of US$1,000 for amounts in excess of US$5,000 Trade Date: February 6January 18, 2018 2019 Issue Date (Settlement Date): February 12January 29, 2018 2019 (T+4T+6) Maturity Date: February 12January 29, 2021 2024 Interest Payment Dates: February 12 January 29 and August 12 July 29 of each year, commencing August 12July 29, 20182019. Interest will accrue from February 12January 29, 20182019. Spread to Treasury: + 36.7 44.9 basis points Spread to Mid-Swaps: + 15 36 basis points Benchmark Treasury: UST 2.625% due December 31, 2023 Treasury Spot/Yield: $100-00¼ / 2.623% Yield to Maturity: UST 2.000% due January 15, 2021 $99-11 ¼ / 2.229% 2.5963.072% semi annual Interest Rate: 2.5503.050% Public Offering Price: 99.86899.899% plus accrued interest from February 12January 29, 2018 2019 if settlement occurs after that date Day Count Convention: 30/360 Underwriters: Barclays Bank PLC BMO Capital CIBC World Markets Corp. HSBC Bank plc Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated Xxxxxx Xxxxxxx & Co. International plc BMO Capital Markets Corp. National Bank of Canada Financial Inc. CIBC World Markets Corp. RBC Capital Markets, LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC Prospectus and Prospectus Supplement: Prospectus dated as of April 11, 2016, and Preliminary Prospectus Supplement dated as of February 6January 18, 20182019. MiFID II Product Governance: Professional & Eligible Counterparties target market CUSIP# / ISIN#: 00000XXX0 / US68323AES96 68323A FC3/US68323AFC36 Listing: Admission to the Luxembourg Stock Exchange's ’s Official List and to trading on the Luxembourg Stock Exchange's ’s Euro MTF Market may be completed upon or following settlement on a reasonable efforts basis. Settlement: We expect that delivery of the Bonds will be made against payment therefor on or about the closing date of this offering specified on the cover page of the prospectus supplement, which is four six business days following the date of pricing of the Bonds (this settlement cycle being referred to as "T+4"“T+6”). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Bonds on the date of pricing or the next three succeeding business day days will be required, by virtue of the fact that the Bonds initially will settle in T+4T+6, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Bonds who wish to trade their Bonds on the date of pricing or the next three succeeding business day days should consult their own adviser.
Appears in 1 contract
Representation of Underwriters. In all dealings hereunder, the Representatives shall, and have all necessary authority to, act on behalf of each of the Underwriters, and the Province shall be entitled to act and rely upon any statement, request, notice or agreement given by the Representatives, jointly or individually, on behalf of any of the Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, PROVINCE OF NEW BRUNSWICK By: /s/ Opallycia A. Kandelas Xxxxxxx Xxx-Xxxxx ------------------------------------ Name: Opallycia A. Kandelas Xxxxxxx Xxx-Xxxxx Title: Managing Director, Capital Markets Operations Capital Markets Division Ontario Financing Authority Debt Management Treasury Division, Department of Finance The foregoing Agreement is hereby confirmed and accepted as of the date first above written. XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED By: /s/ Xxxxx X. Xxxxxx --------------------------------- Authorized Signatory Name: Xxxxx X. Xxxxxx Title: MD & Co. Head US Investor Salesanaging Director Global Fixed Income Currencies & Commodities Authorized Signatory For itself and on behalf of the several Representatives and the several Underwriters. SCHEDULE I Final Pricing Announcement Approved for External Use Issuer: Province of Ontario TitleNew Brunswick Expected Ratings: 2.550% Bonds due February 12Aa1(stable)/AA-(stable) Format: SEC Registered Global Offering Ranking: Direct, 2021 Aggregate Principal Amountunconditional debt Size: US$3,000,000,000 Denominations: US$5,000 and integral multiples of US$1,000 for amounts in excess of US$5,000 U.S.$500,000,000 Trade Date: February 613, 2018 Issue Date (2007 Settlement Date): February 12, 2018 (T+4) Maturity Date: February 1221, 2021 2007 Maturity: February 21, 2017 Interest Payment Dates: February 12 21 and August 12 of each year21 First Payment Date: August 21, commencing August 12, 2018. Interest will accrue from February 12, 2018. 2007 Spread to TreasuryBenchmark: + 36.7 basis points Spread to Mid-Swaps: + 15 basis points T+ 43bps Benchmark Treasury: Treasury 4.625% due February 2017 UST Spot/: 4.818% Yield: Yield to Maturity5.248% Coupon: UST 2.0005.20% due January 15, 2021 $99payable semi-11 ¼ / 2.229% 2.596% semi annual Interest Rate: 2.550% Public Offering annually Price: 99.86899.63% plus accrued interest from February 12, 2018 if settlement occurs after that date Day Count ConventionCount: 30/360 UnderwritersMinimum Denominations: Barclays Bank PLC BMO Capital Markets Corp. Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated Xxxxxx Xxxxxxx & Co. International plc National Bank of Canada Financial Inc. CIBC World Markets Corp. RBC Capital Markets, LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC Prospectus and Prospectus Supplement: Prospectus dated as of April 11, 2016, and Preliminary Prospectus Supplement dated as of February 6, 2018. CUSIP# / ISIN#: 00000XXX0 / US68323AES96 Listing: Admission to the Luxembourg Stock Exchange's Official List and to trading on the Luxembourg Stock Exchange's Euro MTF Market may be completed upon or following settlement on a reasonable efforts basis. Settlement: We expect that delivery of the Bonds will be made against payment therefor on or about the closing date of this offering specified on the cover page of the prospectus supplement, which is four business days following the date of pricing of the Bonds (this settlement cycle being referred to as "T+4"). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Bonds on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Bonds initially will settle in T+4, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Bonds who wish to trade their Bonds on the date of pricing or the next succeeding business day should consult their own adviser.U.S.$5,000 x U.S.$1,000
Appears in 1 contract
Representation of Underwriters. In all dealings hereunder, the Representatives shall, and have all necessary authority to, act on behalf of each of the Underwriters, and the Province shall be entitled to act and rely upon any statement, request, notice or agreement given by the Representatives, jointly or individually, on behalf of any of the Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, By: /s/ Opallycia A. Kandelas Name: Opallycia A. Kandelas Title: Director, Capital Markets Operations Capital Markets Division Ontario Financing Authority The foregoing Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Xxxxx X. Xxxxxx Xxxx Xxxxxxxxx Name: Xxxxx X. Xxxxxx Xxxx Xxxxxxxxx Title: MD & Co. Head US Investor Salesanaging Director Global Fixed Income Currencies & Commodities Authorized Signatory For itself and on behalf of the several Representatives and the several Underwriters. Issuer: Province of Ontario Title: 2.5502.400% Bonds due February 128, 2021 2022 Aggregate Principal Amount: US$3,000,000,000 2,500,000,000 Denominations: US$5,000 and integral multiples of US$1,000 for amounts in excess of US$5,000 Trade Date: February 61, 2018 2017 Issue Date (Settlement Date): February 128, 2018 2017 (T+4T+5) Maturity Date: February 128, 2021 2022 Interest Payment Dates: February 12 8 and August 12 8 of each year, commencing August 128, 20182017. Interest will accrue from February 128, 20182017. Spread to Treasury: + 36.7 49.35 basis points Spread to Mid-Swaps: + 15 42 basis points Benchmark Treasury: Treasury Spot/Yield: Yield to Maturity: UST 2.0001.875% due January 1531, 2021 $2022 99-11 ¼ 19¼ / 2.2291.959% 2.5962.453% semi annual Interest Rate: 2.5502.400% Public Offering Price: 99.86899.752% plus accrued interest from February 128, 2018 2017 if settlement occurs after that date Day Count Convention: 30/360 Underwriters: Barclays Bank PLC BMO Capital Markets Corp. Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated HSBC Bank plc Xxxxxx Xxxxxxx & Co. International plc TD Securities (USA) LLC CIBC World Markets Corp. National Bank of Canada Financial Inc. CIBC World Markets Corp. RBC Capital Markets, LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC Prospectus and Prospectus Supplement: Prospectus dated as of April 11, 2016, and Preliminary Prospectus Supplement dated as of February 61, 20182017. CUSIP# / ISIN#: 00000XXX0 / US68323AES96 US68323AED28 Listing: Admission to the Luxembourg Stock Exchange's Official List and to trading on the Luxembourg Stock Exchange's Euro MTF Market may be completed upon or following settlement on a reasonable efforts basis. Settlement: We expect that delivery of the Bonds will be made against payment therefor on or about the closing date of this offering specified on the cover page of the prospectus supplement, which is four five business days following the date of pricing of the Bonds (this settlement cycle being referred to as "T+4T+5"). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Bonds on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Bonds initially will settle in T+4T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Bonds who wish to trade their Bonds on the date of pricing or the next three succeeding business day days should consult their own adviser.
Appears in 1 contract
Representation of Underwriters. In all dealings hereunder, the Representatives shall, and have all necessary authority to, act on behalf of each of the Underwriters, and the Province shall be entitled to act and rely upon any statement, request, notice or agreement given by the Representatives, jointly or individually, on behalf of any of the Underwriters. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Province and the Underwriters. Very truly yours, By: /s/ Opallycia A. Kandelas Xxxxxxx Xxx-Xxxxx Name: Opallycia A. Kandelas Xxxxxxx Xxx-Xxxxx Title: DirectorAssistant Deputy Minister Treasury Division, Capital Markets Operations Capital Markets Division Ontario Financing Authority Finance The foregoing Underwriting Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Xxxxx X. Xxxxxx Wei-Xxxx Xxx Name: Xxxxx X. Xxxxxx Wei-Xxxx Xxx Title: MD & Co. Head US Investor Salesanaging Managing Director Global Fixed Income Currencies & Commodities For Acting for itself and on behalf of the several Representatives and the several Underwriters. Underwriters Issuer: Province of Ontario New Brunswick Existing Long-Term Issuer Ratings:[1] [Intentionally Omitted] Title: 2.5503.625% Bonds due February 1224, 2021 2028 Aggregate Principal Amount: US$3,000,000,000 500,000,000 Trade Date: May 17, 2018 Issue Date (Settlement Date): May 25, 2018 (T+6) Maturity Date: February 24, 2028 Interest Payment Dates: August 24 and February 24 of each year, commencing on August 24, 2018 with a short first coupon. Interest will accrue from May 25, 2018. Spread to Benchmark Treasury: T+ 53.3 basis points Spread to Mid-Swaps: + 50 basis points Benchmark Treasury: UST 2.875% due May 15, 2028 Treasury Spot/Yield: 98-00+ / 3.108% Yield to Maturity: 3.641% semi-annual Interest Rate: 3.625% Public Offering Price: 99.874%, plus accrued interest, if any, from May 25, 2018 _______________________ 1 A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Use of Proceeds: The net proceeds to the Issuer from the sale of the debt securities will be used to refinance maturing debt of the Province, and any remainder will be added to the Consolidated Fund of the Issuer to be used for general Provincial purposes. Day Count Convention: 30/360 Denominations: US$5,000 and integral multiples of US$1,000 for amounts in excess of US$5,000 Trade DateJoint Book-Running Managers: February 6, 2018 Issue Date (Settlement Date): February 12, 2018 (T+4) Maturity Date: February 12, 2021 Interest Payment Dates: February 12 and August 12 of each year, commencing August 12, 2018. Interest will accrue from February 12, 2018. Spread to Treasury: + 36.7 basis points Spread to Mid-Swaps: + 15 basis points Benchmark Treasury: Treasury Spot/Yield: Yield to Maturity: UST 2.000% due January 15, 2021 $99-11 ¼ / 2.229% 2.596% semi annual Interest Rate: 2.550% Public Offering Price: 99.868% plus accrued interest from February 12, 2018 if settlement occurs after that date Day Count Convention: 30/360 Underwriters: Barclays Bank PLC BMO Capital Markets Corp. Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated Xxxxxx Xxxxxxx & Co. International plc National Bank of Canada Financial Inc. CIBC World Markets Corp. RBC Capital Markets, LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC Prospectus and Prospectus SupplementCo-Managers: Prospectus dated as BMO Capital Markets Corp. CIBC World Markets Corp. Xxxxxxx Xxxxx, Pierce, Fenner, & Xxxxx Incorporated National Bank of April 11, 2016, and Preliminary Prospectus Supplement dated as of February 6, 2018. Canada Financial Inc. CUSIP# / ISIN#: 00000XXX0 642869 AM3 / US68323AES96 US642869AM37 Listing: Admission to the Luxembourg Stock Exchange's ’s Official List and to trading on the Luxembourg Stock Exchange's ’s Euro MTF Market may be completed upon or following settlement on a reasonable efforts basis. Governing Law: Province of New Brunswick and Canada. Base Prospectus and Prospectus Supplement: Base Prospectus that became effective on June 26, 2012 and Preliminary Prospectus Supplement dated as of May 16, 2018 xxxxx://xxx.xxx.xxx/Archives/xxxxx/data/862406/000095010318006225/dp91035_424b2.htm Settlement: We expect that delivery of the Bonds will be made against payment therefor on or about the closing date of this offering specified on the cover page of the prospectus supplementProspectus Supplement, which is four six business days following the date of pricing of the Bonds (this settlement cycle being referred to as "T+4"“T+6”). Under Rule 15c6-1 of the U.S. Exchange Act, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Bonds on the date of pricing or the next succeeding three business day days will be required, by virtue of the fact that the Bonds initially will settle in T+4T+6, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Bonds who wish to trade their Bonds on the date of pricing or the next succeeding three business day days should consult their own adviser.
Appears in 1 contract
