By Rebecca Melvin
New York, March 8 - The Province of Quebec priced C$500 million 3.5% 10-year bonds in a reopening at 103.584 to yield 3.104% on Thursday, according to a bond source.
The bonds, which mature Dec. 1, 2022, priced at a spread of 101.5 basis points over the Government of Canada benchmark.
Bookrunners were National Bank Financial Inc., CIBC, and Desjardins Securities.
The last reopening of this issue was Feb. 8, and the issue now stands at C$3 billion outstanding.
| Issuer: | Province of Quebec
|
| Amount: | C$500 million
|
| Maturity: | Dec. 1, 2022
|
| Securities: | Bonds
|
| Bookrunners: | National Bank Financial Inc., CIBC, Desjardins Securities
|
| Coupon: | 3.5%
|
| Price: | 103.584
|
| Yield: | 3.104%
|
| Spread: | 101.5 bps over Government of Canada benchmark
|
| Pricing date: | March 8
|
| Distribution: | Canada
|
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