Quebec whispers $1 billion offering of five-year notes in mid-swaps plus 27 bps area

By Cristal Cody

Tupelo, Miss., April 1 – The Province of Quebec (Aa2/AA-/AA-) plans to price a $1 billion dollar-denominated offering of global notes due April 9, 2024 on Tuesday, according to a market source.

The notes were initially talked to price in the mid-swaps plus 27 basis points area.

CIBC World Markets Inc., J.P. Morgan Securities LLC, National Bank Financial Inc. and RBC Capital Markets LLC are the bookrunners.

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