By Cristal Cody
Prospect News, Nov. 19 - The Province of Quebec priced C$500 million in a reopening of its 4.5% notes due Dec. 1, 2020 on Friday, a source said.
The notes were priced at 104.573 to yield 3.943%, or a spread of 81 basis points over the Canadian government benchmark.
The issue now has a total outstanding of C$4.5 billion.
National Bank Financial was the lead manager.
| Issuer: | Province of Quebec
|
| Amount: | C$500 million (reopening)
|
| Maturity: | Dec. 1, 2020
|
| Securities: | Notes
|
| Bookrunner: | National Bank Financial
|
| Coupon: | 4.5%
|
| Price: | 104.573
|
| Yield: | 3.943%
|
| Spread: | 81 bps over Government of Canada benchmark
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 24
|
| Distribution: | Canada
|
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