By Cristal Cody
Eureka Springs, Ark., July 14 – The Province of Quebec (Aa2/A+/AA-) priced $900 million of series A three-year floating-rate medium-term notes at par to yield Libor plus 28 basis points on Thursday, according to a FWP filing with the Securities and Exchange Commission.
The notes are due July 21, 2019.
HSBC Bank plc, J.P. Morgan Securities plc, BofA Merrill Lynch and TD Securities (USA) LLC were the bookrunners.
Proceeds will be added to the consolidated revenue fund of Quebec and be used to repay debt.
| Issuer: | Province of Quebec
|
| Amount: | $900 million
|
| Description: | Floating-rate medium-term notes
|
| Maturity: | July 21, 2019
|
| Bookrunners: | HSBC Bank plc, J.P. Morgan Securities plc, BofA Merrill Lynch and TD Securities (USA) LLC
|
| Coupon: | Libor plus 28 bps
|
| Price: | Par
|
| Trade date: | July 14
|
| Settlement date: | July 21
|
| Ratings: | Moody’s: Aa2
|
| Standard & Poor’s: A+
|
| Fitch: AA-
|
| Distribution: | SEC registered
|
|
|
|
|
© 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.
