New Issue: Quebec sells C$500 million 4.25% notes due 2021 at 75.5 bps spread

By Cristal Cody

Prospect News, Feb. 3 - The Province of Quebec (Aa2//AA-/DBRS: A) sold C$500 million 4.25% notes due Dec. 1, 2021 at 99.652 to yield 4.29% on Thursday, an informed sources said.

The deal priced at a spread of 75.5 basis points over the Government of Canada benchmark.

National Bank Financial Inc. was the lead manager.

Issuer:	Province of Quebec
Amount:	C$500 million
Maturity:	Dec. 1, 2021
Securities:	Notes
Bookrunner:	National Bank Financial Inc.
Coupon:	4.25%
Price:	99.652
Yield:	4.29%
Spread:	75.5 bps over Government of Canada benchmark
Pricing date:	Feb. 3
Settlement date:	Feb. 8
Ratings:	Moody's: Aa2
	Fitch: AA-
	DBRS: A
Distribution:	Canada

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