New Issue: Quebec prices $50 million 2˝-year floaters at Libor plus 23 bps

By Cristal Cody

Eureka Springs, Ark., Feb. 29 – The Province of Quebec priced $50 million of U.S. dollar-denominated medium-term floating-rate notes with a coupon of Libor plus 23 basis points at 99.796 on Monday, according to a FWP filing with the Securities and Exchange Commission.

The series A notes (Aa2/A+/) are due Sept. 4, 2018.

BofA Merrill Lynch was the bookrunner.

Issuer:	Province of Quebec
Securities:	Medium-term floating-rate notes
Amount:	$50 million
Maturity:	Sept. 4, 2018
Coupon:	Libor plus 23 bps
Price:	99.796
Bookrunner:	BofA Merrill Lynch
Call feature:	Par
Trade date:	Feb. 29
Settlement date:	March 4
Ratings:	Moody’s: Aa2
	Standard & Poor’s: A+
Distribution:	SEC registered

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