By Cristal Cody
Tupelo, Miss., Sept. 14 – The Province of Quebec (Aa2/AA-/AA-) priced an upsized $1.25 billion of three-year series A medium-term floating-rate notes on Thursday at par to yield Libor plus 13 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes were talked in the Libor plus 15 bps area.
The deal was upsized from an initial $500 million offering.
BMO Capital Markets Corp., CIBC World Markets Corp., HSBC Securities (USA) Inc. and BofA Merrill Lynch were the bookrunners.
| Issuer: | Province of Quebec
|
| Amount: | $1.25 billion
|
| Description: | Medium-term floating-rate notes
|
| Maturity: | Sept. 21, 2020
|
| Bookrunners: | BMO Capital Markets Corp., CIBC World Markets Corp., HSBC Securities (USA) Inc. and BofA Merrill Lynch
|
| Coupon: | Libor plus 13 bps
|
| Price: | Par
|
| Yield: | Libor plus 13 bps
|
| Trade date: | Sept. 14
|
| Settlement date: | Sept. 21
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA-
|
| Fitch: AA-
|
| Distribution: | SEC registered
|
| Price talk: | Libor plus 15 bps area
|
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