The private placement deal, which was upsized from C$750 million, was sold at a spread of 81 basis points over the Government of Canada curve. Guidance had been set at a spread of 84 basis points plus or minus 3 basis points.

The deal carries a 2.758 percent coupon and matures on Oct. 7, 2024.

(Reporting by Fergal Smith; Editing by Sandra Maler)