By Cristal Cody
Prospect News, Feb. 1 - Ville de Quebec sold C$70 million of one-year to five-year serial debentures and 10-year debentures, a bond source said on Wednesday.
The five-year line of serial maturities from Feb. 14, 2013 through Feb. 14, 2017 priced at a spread of 47 basis points versus the Province of Quebec curve.
The debentures due 2022 priced at a spread of 50 bps versus the Quebec bond curve.
The deal priced through a competitive sale. CIBC World Markets Inc. was the winning bidder.
The issuer, a city in Quebec, was in the market last in November with an offering of C$65 million of one-year to five-year serial debentures and 10-year debentures.
| Issuer: | Ville de Quebec
|
| Amount: | C$70 million
|
| Securities: | Debentures
|
| Type: | Competitive
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| Underwriter: | CIBC World Markets Inc.
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 14
|
| Distribution: | Canada
|
|
|
| Serial debentures
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| Maturities: | Feb. 14, 2013 through Feb. 14, 2017
|
| Spread: | 47 bps versus Province of Quebec curve
|
|
|
| 10-year debenture
|
| Maturity: | 2022
|
| Spread: | 50 bps versus Province of Quebec curve
|
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