New Issue: Quebec prices upsized $700 million three-year floaters at Libor plus 23 bps area

By Aleesia Forni

Virginia Beach, Aug. 27 – The Province of Quebec sold an upsized $700 million offering of three-year floating-rate notes at par to yield Libor plus 23 basis points on Friday, according to a market source and an FWP filing with the Securities and Exchange Commission.

The deal was upsized from $250 million and priced in line with talk.

BofA Merrill Lynch, BMO Capital, J.P. Morgan Securities LLC and RBC Capital Markets LLC are the bookrunners.

Issuer:	Quebec
Amount:	$700 million, upsized from $250 million
Description:	Floating-rate medium-term global notes, series A
Maturity:	September 2018
Bookrunners:	BofA Merrill Lynch, BMO Capital Markets Corp., J.P. Morgan Securities LLC, RBC Capital Markets LLC
Coupon:	Libor plus 23 bps
Price:	Par
Yield:	Libor plus 23 bps
Trade date:	Aug. 28
Distribution:	SEC registered
Price guidance:	Libor plus 23 bps area

© 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.