By Cristal Cody
Prospect News, Sept. 28 - The Province of Quebec sold C$500 million bonds in a reopening of an existing issue on Tuesday, a source said.
The 5% bonds due Dec. 1, 2041 priced at 112.378 to yield 4.277%. The bonds priced at a spread of 93.5 basis points over the Canadian government benchmark bond.
National Bank Financial, the investment dealer arm of National Bank of Canada, was the lead manager of the sale.
| Issuer: | Province of Quebec
|
| Issue: | Bonds
|
| Amount: | C$500 million reopening
|
| Maturity: | Dec. 1, 2041
|
| Bookrunner: | National Bank Financial
|
| Coupon: | 5%
|
| Price: | 112.378
|
| Yield: | 4.277%
|
| Spread: | 93.5 bps over Canada's benchmark bond
|
| Trade date: | Sept. 28
|
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