McGill University Centre Sells C$764 Million of Bonds Maturing in 2044

McGill University Health Centre sold C$764 million ($733 million) of bonds maturing in 2044, Quebec’s largest ever public-private partnership deal, to fund construction of a new hospital in Montreal.

The bonds priced to yield 290 basis points over the yield curve between government benchmarks, according to Greg Woynarski, head of debt capital markets at Bank of Nova Scotia’s Scotia Capital unit, which led the sale.

To contact the reporter on this story: Chris Fournier in Montreal at cfournier3@bloomberg.net

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