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by Chris Reich

May 20, 2026 8:58 AM ET

NEW ISSUE: Province of Ontario US$ bmk 10yr Sr Unsec; SOFR MS+70a

IGC European Market: Deal Flow - SSAIGC US Market: Deal Flow - SSA

Issuer	Term	Maturity	Size	Ranking	Type	IPT
Province of Ontario	10yr	29-May-36	bmk	Sr Unsec	Fixed	SOFR MS+70a

IPTs: 10yr: SOFR MS+70a (currently equiv. ~CT10+29.4a)

Issuer: Province of Ontario
Ticker: ONT
Issuer Ratings: Aa3/AA-/AA-/AA (Moody's/S&P/Fitch/DBRS - Stable/Stable/Stable/Stable)
Format: SEC Registered Global
Size: US$ Benchmark
Maturity: 29-May-36 (10yr)
Settlement: 29-May-26 (T+5)
Coupon: Fixed, S/A 30/360
IPTs: SOFR MS S/A 30/360 +70a (currently equiv. ~CT10+29.4a)
Denominations: US$5,000 + US$1,000
Listing: Luxembourg (Euro MTF Market)
Governing Law: Province of Ontario/Canada
Target Market: Professional / Eligible Counterparties (All Distribution Channels)
Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the securities
Bookrunners: Barc/BNP/CIBC (DM/B&D)/MS
Timing: Taking IOIs now, expect tomorrow's business