By Jennifer Chiou
New York, Oct. 14 - Hydro-Quebec said it sold C$500 million series JN debentures due Feb. 15, 2050 on the Canadian domestic market.
The 5% debentures were priced at 113.488 to yield 4.287%. Interest will accrue from Aug. 15.
The Montreal-based electricity distributor said that the lead manager is National Bank Financial Inc. with RBC Dominion Securities Inc. and Scotia Capital Inc. as co-lead managers.
Other managers include BMO Nesbitt Burns Inc., Casgrain & Co. Ltd., CIBC World Markets Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc., Merrill Lynch Canada Inc. and the Toronto-Dominion Bank.
The company added that this is the sixth tranche of the debentures, which were first issued on Jan. 15, 2009. The total outstanding amount of the series JN debentures is now C$3.5 billion.
Questions may be directed to Jean-Hugues Lafleur, vice president-financing, treasury and pension fund, (514 289-4772) or Ariane Connor, media relations, (514 289-5982 or connor.ariane@hydro.qc.ca).
| Issuer: | Hydro-Quebec
|
| Issue: | Series JN debentures
|
| Amount: | C$500 million
|
| Maturity: | Feb. 15, 2050
|
| Managers: | National Bank Financial Inc. (lead); RBC Dominion Securities Inc. and Scotia Capital Inc. (co-leads)
|
| Coupon: | 5%, payable semiannually
|
| Price: | 113.488
|
| Yield: | 4.287%
|
| Announcement date: | Oct. 14
|
| Total amount: | C$3.5 billion, including C$3 billion priced in five previous tranches
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
