By Andrea Heisinger
New York, Aug. 18 - The Province of Quebec sold $1.4 billion of 2.75% 10-year global notes on Thursday to yield 2.795%, said a source close to the sale.
The notes (Aa2/A+/AA-) are non-callable.
Full terms were not available at press time.
Bookrunners were Bank of America Merrill Lynch, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Scotia Capital (USA) Inc.
Proceeds are being added to the Consolidated Revenue Fund of Quebec and applied to the general expenses of Quebec, or advanced to the Financing Fund of Quebec.
| Issuer: | Province of Quebec
|
| Issue: | Global notes
|
| Amount: | $1.4 billion
|
| Maturity: | 2021
|
| Bookrunners: | Bank of America Merrill Lynch, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc.
|
| Coupon: | 2.75%
|
| Yield: | 2.795%
|
| Call: | Non-callable
|
| Trade date: | Aug. 18
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: A+
|
| Fitch: AA-
|
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