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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
Amount:$150 million
Description:Add-on to floating-rate medium-term global notes, series A
Maturity:Sept. 4, 2018
Manager:RBC Capital Markets LLC
Coupon:Libor plus 23 bps
Price:100.01
Trade date:Nov. 2
Settlement date:Nov. 9
Distribution:SEC registered
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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