By Cristal Cody
Prospect News, Dec. 9 - The Province of Quebec sold an additional C$500 million in a reopening of its 5% notes due Dec. 1, 2041 at 106.224 to yield 4.62% on Thursday, a source said.
The notes priced at a spread of 88 basis points over the Government of Canada benchmark bond.
National Bank Financial Inc. was the lead manager.
The issue now has C$5.5 billion outstanding.
| Issuer: | Province of Quebec
|
| Amount: | C$500 million reopening
|
| Maturity: | Dec. 1, 2041
|
| Securities: | Notes
|
| Bookrunner: | National Bank Financial Inc.
|
| Coupon: | 5%
|
| Price: | 106.224
|
| Yield: | 4.62%
|
| Spread: | 88 bps over Canadian government benchmark
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 14
|
| Distribution: | Canada
|
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