Metro Inc announced a private placement of 300,000 1.922% series J senior unsecured unsubordinated notes due December 2, 2024 at CAD 1,000 per note for gross proceeds of CAD 300,000,000 on November 22, 2021. The notes carry a coupon of 1.922% per annum for an effective yield of 1.922% per annum if held to maturity. The company has entered into a interest rate swap effectively locking in a floating rate of 11 basis points over 3-month bankers' acceptance rate (CDOR) of the series J notes. The closing of the offering is expected to take place on November 30, 2021. The series J notes are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation.