New Issue: Quebec prices C$250 million reopening of 4.5% bond due 2019 at 75 bps

By Cristal Cody

Prospect News, Nov. 24 - The Province of Quebec sold C$250 million in a reopening of the province's existing 4.5% bond due Dec. 1, 2019 on Wednesday, a source said.

Quebec priced the bond at 105.335 to yield 3.79%. The bond priced at a spread of 75 basis points over the Canadian benchmark bond.

National Bank Financial was the bookrunner.

Issuer:	Province of Quebec
Securities:	Bonds
Amount:	C$250 million reopening
Maturity:	Dec. 1, 2019
Bookrunner:	National Bank Financial
Coupon:	4.5%
Price:	105.335
Yield:	3.79%
Spread:	75 bps over Canadian benchmark
Pricing date:	Nov. 24
Distribution:	Canada

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