Published on 11/3/2015 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.
New Issue: Quebec prices $150 million add-on to floaters due 2018 at 100.01
By Aleesia Forni
Virginia Beach, Nov. 3 – The Province of Quebec sold a $150 million add-on to its existing floating-rate notes due Sept. 4, 2018 at 100.01 on Monday, according to an FWP filing with the Securities and Exchange Commission.
The notes carry a coupon of Libor plus 23 basis points.
RBC Capital Markets LLC was the lead manager.
Issuer: | Quebec
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Amount: | $150 million
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Description: | Add-on to floating-rate medium-term global notes, series A
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Maturity: | Sept. 4, 2018
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Manager: | RBC Capital Markets LLC
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Coupon: | Libor plus 23 bps
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Price: | 100.01
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Trade date: | Nov. 2
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Settlement date: | Nov. 9
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Distribution: | SEC registered
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Total issue size: | $1.15 billion, including $700 million priced on Aug. 27 at par, $200 million priced on Sept. 17 at 100.006, $50 million priced on Sept. 23 at 100.012 and $50 million priced on Sept. 24 at 100.011
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