Published on 5/7/2008 in the Prospect News Investment Grade Daily.
New Issue: Quebec prices $1 billion 4.625% 10-year notes at Treasuries plus 76.94 bps
By Andrea Heisinger
Omaha, May 7 - Quebec priced $1 billion of 4.625% 10-year global notes Wednesday to yield Treasuries plus 76.94 basis points, according to an FWP filing with the Securities and Exchange Commission.
The non-callable notes (Aa2/A+/AA-) priced at 99.399 to yield 4.701%.
Bookrunners were Deutsche Bank Securities Inc., HSBC Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc. and RBC Capital Markets.
Senior co-lead manager was National Bank Financial Inc.
Co-managers were CIBC World Markets Corp., Scotia Capital (USA) Inc., the Toronto-Dominion Bank, ABN Amro Bank NV, Bank of Montreal, London Branch, Casgrain & Co. (USA) Ltd., Citigroup Global Markets Inc., J.P. Morgan Securities Ltd., Mitsubishi UFJ Securities International plc.
Proceeds will be added to the Consolidated Revenue Fund of Quebec and applied to general expenses or advanced to the Financing Fund of Quebec.
| Issuer: | Quebec
|
| Issue: | Global notes
|
| Amount: | $1 billion
|
| Maturity: | May 14, 2018
|
| Bookrunners: | Deutsche Bank Securities Inc., HSBC Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., RBC Capital Markets
|
| Senior co-lead manager: | National Bank Financial Inc.
|
| Co-managers: | CIBC World Markets Corp., Scotia Capital (USA) Inc., the Toronto-Dominion Bank, ABN Amro Bank NV, Bank of Montreal, London Branch, Casgrain & Co. (USA) Ltd., Citigroup Global Markets Inc., J.P. Morgan Securities Ltd., Mitsubishi UFJ Securities International plc
|
| Coupon: | 4.625%
|
| Price: | 99.399
|
| Yield: | 4.701%
|
| Spread: | Treasuries plus 76.94 bps
|
| Call: | Non-callable
|
| Trade date: | May 7
|
| Settlement date: | May 14
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: A+
|
| Fitch: AA-
|
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