Published on 9/18/2015 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.
New Issue: Quebec prices $200 million add-on to floaters due 2018 at 100.006
By Aleesia Forni
Virginia Beach, Sept. 18 – The Province of Quebec sold a $200 million add-on to its existing floating-rate notes due Sept. 4, 2018 at 100.006 on Thursday, according to a 424B3 filing with the Securities and Exchange Commission.
The notes carry a coupon of Libor plus 23 basis points.
TD Securities (USA) LLC was the lead manager.
| Issuer: | Quebec
|
| Amount: | $200 million
|
| Description: | Floating-rate medium-term global notes, series A
|
| Maturity: | Sept. 4, 2018
|
| Manager: | TD Securities (USA) LLC
|
| Coupon: | Libor plus 23 bps
|
| Price: | 100.006
|
| Trade date: | Sept. 17
|
| Settlement date: | Sept. 24
|
| Distribution: | SEC registered
|
| Total issue size: | $900 million, including $700 million priced on Aug. 27
|
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