Published on 9/25/2015 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.
New Issue: Quebec taps floaters due 2018 to add $50 million; prices at 100.011
By Aleesia Forni
Virginia Beach, Sept. 25 – The Province of Quebec priced a $50 million add-on to its existing floating-rate notes due Sept. 4, 2018 at 100.011 on Thursday, according to a 424B3 filing with the Securities and Exchange Commission.
The notes carry a coupon of Libor plus 23 basis points.
BofA Merrill Lynch was the lead manager.
Issuer: | Quebec
|
Amount: | $50 million
|
Description: | Add-on to floating-rate medium-term global notes, series A
|
Maturity: | Sept. 4, 2018
|
Manager: | BofA Merrill Lynch
|
Coupon: | Libor plus 23 bps
|
Price: | 100.011
|
Trade date: | Sept. 24
|
Settlement date: | Sept. 30
|
Distribution: | SEC registered
|
Total issue size: | $1 billion, including $700 million priced on Aug. 27 at par, $200 million priced on Sept. 17 at 100.006 and $50 million priced on Sept. 23 at 100.012
|
© 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.