PSP Capital Inc sells C$500 mln 7-year notes - term sheet

Reuters

Oct 17 (Reuters) - PSP Capital Inc on Thursday sold C$500million ($485 million) of seven-year notes due Oct. 22, 2020,according to a term sheet seen by Reuters.

The 3.03 percent notes were priced at 99.962 to yield 3.036percent, or 88.5 basis points over the Canadian governmentbenchmark, according to the term sheet.

The joint lead managers on the sale were the investmentdealer arms of Toronto-Dominion Bank and Royal Bank of Canada.

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