407 International issues C$800 million of medium term notes
On March 4, 2019, 407 International Inc. announced that it agreed to issue $300 million aggregate principal amount of 3.14% senior notes, Series 19-A1, due March 6, 2030 and $500 million aggregate principal amount of 3.67% senior notes, Series 19-A2, due March 8, 2049 through its $1.6 billion medium-term notes program and pursuant to a base shelf prospectus dated November 30, 2018.
The distribution of notes closed on March 6, 2019.
The notes were issued in agency transactions with a syndicate led by BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. and which also included CIBC World Markets Inc., Scotia Capital Inc., Casgrain & Company Limited, National Bank Financial Inc. and TD Securities Inc.
407 International Inc. is owned by Cintra Global S.E., a wholly owned subsidiary of Ferrovial S. A. (43.23%), by indirectly owned subsidiaries of Canada Pension Plan Investment Board (total 40%), and by SNC-Lavalin (16.77%).
Further information can be found on Canada Newswire's website.