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Ontario sells debt in reopening

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The Province of Ontario sold $750 million in a reopening of an existing issue, according to a term sheet seen by Reuters on Monday.

The 4.65 percent bonds, due June 2, 2041, were priced at 106.958 to yield 4.242 percent or 88.5 basis points over the Canadian government benchmark.

The total issue amount is now $2.55 billion.

The lead manager of the reopening was the investment dealer arm of Toronto-Dominion Bank.

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