Published on 5/18/2011 in the Prospect News Canadian Bonds Daily.
New Issue: Quebec reopens 5% bonds due 2041 at 91 bps spread for C$550 million
By Cristal Cody
Prospect News, May 18 - The Province of Quebec (Aa2/A+/DBRS: A) sold C$550 million in an add-on to its 5% bonds due Dec. 1, 2041 at 91 basis points over Canada's government benchmark, an informed source said Wednesday.
The bonds were previously reopened on March 23 at a spread of 82.5 bps versus the Government of Canada benchmark.
| Issuer: | Province of Quebec
|
| Amount: | C$550 million reopening
|
| Maturity: | Dec. 1, 2041
|
| Securities: | Bonds
|
| Coupon: | 5%
|
| Spread: | 91 bps over Government of Canada benchmark
|
| Pricing date: | May 17
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: A+
|
| 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.
