By Cristal Cody
Prospect News, Feb. 8 - The Province of Quebec (Aa2//AA-/DBRS: A) sold an additional C$500 million in a reopening of its 4.25% benchmark notes due Dec. 1, 2021 at 99.66 to yield 4.289% on Tuesday, an informed source said.
The notes priced at a spread of 73 basis points over the Government of Canada benchmark.
National Bank Financial Inc. was the lead manager.
The issue now has a total outstanding of C$1 billion.
Issuer: | Province of Quebec
|
Amount: | C$500 million reopening
|
Maturity: | Dec. 1, 2021
|
Securities: | Benchmark notes
|
Bookrunner: | National Bank Financial Inc.
|
Coupon: | 4.25%
|
Price: | 99.66
|
Yield: | 4.289%
|
Spread: | 73 bps over Government of Canada benchmark
|
Pricing date: | Feb. 8
|
Settlement date: | Feb. 11
|
Ratings: | Moody's: Aa2
|
| Fitch: AA-
|
| DBRS: A
|
Distribution: | Canada
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.