British Columbia prices A$1 billion 10-year Kangaroo bond

Tuesday, 14 May 2024

Issuer name: Province of British Columbia
Issuer rating: AA-/Aaa/AA+
Pricing date: 14 May 2024
Settlement date: 23 May 2024
Maturity date: 23 May 2034
Lead managers: RBC Capital Markets, TD Securities

Transaction type: senior-unsecured Kangaroo bond
Volume: A$1 billion (US$660 million)
Coupon type: fixed
Coupon: 5.25%
Issue/re-offer price: 99.673%
Issue yield: 5.2925%
Margin to swap: 85bp/s-q
Margin to ACGB: 97.1bp/May 2034