New Issue: Hydro-Quebec issues C$500 million add-on to 4% series JS debentures due 2063

Chicago, March 15 – Hydro-Quebec issued C$500 million of additional 4% series JS debentures due in 2063, according to a press release.

The debentures were discounted to 93.565 to yield 4.344%.

National Bank Financial Inc. was the lead manager.

This is the eighth additional tranche to the issue initially from May 13, 2022. The total amount outstanding will now be C$4.5 billion.

The renewable energy provider is owned by the Province of Quebec.

Issuer:	Hydro-Quebec
Amount:	C$500 million
Issue:	Series JS debentures
Maturity:	Feb. 15, 2063
Bookrunners:	National Bank Financial Inc.
Senior co-managers:	CIBC World Markets Inc. and RBC Dominion Securities Inc.
Co-managers:	BMO Nesbitt Burns Inc., Casgrain & Co. Ltd., Desjardins Securities Inc., Laurentian Bank Securities Inc., Scotia Capital Inc. and The Toronto-Dominion Bank
Coupon:	4%
Price:	93.565
Yield:	4.344%
Announcement date:	March 15
Total issue size:	C$4.5 billion, original issue May 13, 2022

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