By Cristal Cody
Prospect News, Aug. 12 - The Province of Quebec (Aa2/A+/A) priced C$500 million 4.25% bonds due Dec. 1, 2043 at 103.875 to yield 4.034% on Friday, a bond source said.
The bonds priced at a spread of 97 basis points over the Government of Canada benchmark.
National Bank Financial Inc. was the lead manager.
The deal closes on Wednesday.
Issuer: | Province of Quebec
|
Amount: | C$500 million
|
Maturity: | Dec. 1, 2043
|
Securities: | Bonds
|
Bookrunner: | National Bank Financial Inc.
|
Coupon: | 4.25%
|
Price: | 103.875
|
Yield: | 4.034%
|
Spread: | 97 bps over Government of Canada benchmark
|
Pricing date: | Aug. 12
|
Settlement date: | Aug. 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.