Published on 8/23/2018 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.
New Issue: Quebec prices $500 million 3.5% long 30-year notes with 79 bps spread
By Cristal Cody
Tupelo, Miss., Aug. 23 – The Province of Quebec (Aa2/AA-/AA-) sold $500 million of 3.5% long 30-year notes on Thursday at a spread of 79 basis points over Treasuries, according to a market source.
The notes are due Dec. 1, 2048.
National Bank Financial Inc., CIBC World Markets Inc. and Casgrain & Co. Ltd. were the bookrunners.
| Issuer: | Province of Quebec
|
| Amount: | $500 million
|
| Description: | Notes
|
| Maturity: | Dec. 1, 2048
|
| Bookrunners: | National Bank Financial Inc., CIBC World Markets Inc. and Casgrain & Co. Ltd.
|
| Coupon: | 3.5%
|
| Spread: | Treasuries plus 79 bps
|
| Trade date: | Aug. 23
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA-
|
| Fitch: AA-
|
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