NEW ISSUE: Province of Manitoba Min Size CHF 100m 20yr Sr Unsec; MS+53a
IGC European Market: Deal Flow - SSA
Issuer
Term
Maturity
Size
Ranking
Type
Guidance
Province of Manitoba
20yr
15-May-46
Min CHF 100m
Sr Unsec
Fixed
MS+53a
Guidance: 20yr: MS+53a
Issuer: Province of Manitoba (Ticker: MP)
Issuer Domicile: Canada
Format: Public Fixed Rate Bonds
Ranking: Senior Unsecured Debt
Issuer Ratings: Aa2/A+ (Moody's/S&P), both stable
Expected Instrument Rating: Aa2/A+ (Moody's/S&P)
Size: Min. CHF 100m
Coupon: 1.375% p.a. (indicative, will price at par)
Maturity: 15-May-46 (20 years)
Settlement Date: 15-May-26
Guidance: SARON MS +53.0 area // YTM 1.375% area // Govt.+79 area
Leads: UBS, CIBC (JLNB)
SNB Repo-eligibility: At the discretion of the SNB, expected no
Documentation: Off the Province of Manitoba's US$7,500,000,000 Euro Medium Term Note Programme Offering Memorandum, dated 19-Jan-26.
FinSA Prospectus: Delayed prospectus approval in accordance with art. 51(2) FinSA
Governing Law: Laws of the Province of Manitoba and the federal laws of Canada applicable therein
Covenants: PP, NP
Listing: SIX on 13-May-26
Denominations: CHF 5'000 and multiples thereof
Sales Restrictions: In accordance with the Province of Manitoba's US$7,500,000,000 Euro Medium Term Note Programme Offering Memorandum, dated 19-Jan-26.
Timing: Today's business, books can close at short notice