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

Chicago, March 21 – 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 93.353 to yield 4.356%.

National Bank Financial Inc. was the lead manager.

This is the ninth additional tranche to the issue initially from May 13, 2022. The total amount outstanding will now be C$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:	Desjardins Securities Inc. and Toronto-Dominion Bank
Co-managers:	BMO Nesbitt Burns Inc., Casgrain & Co. Ltd., CIBC World Markets Inc., Laurentian Bank Securities Inc., RBC Dominion Securities Inc. and Scotia Capital Inc.
Coupon:	4%
Price:	93.353
Yield:	4.356%
Announcement date:	March 21
Total issue size:	C$5 billion, original issue May 13, 2022

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