Market Overview

Hydro-Québec issue of debentures due February 15, 2055 on the Canadian market

Share:

Hydro-Québec issue of debentures due February 15, 2055 on the Canadian market

Canada NewsWire

MONTREAL, Aug. 30, 2018 /CNW Telbec/ - Hydro-Québec announces that it has negotiated on the Canadian domestic market the issue of CA$500.000.000 of debentures, Series JQ, maturing on February 15, 2055.

The debentures, with a coupon of 4.00%, payable semi-annually, will be offered on the market at a price of 119.742 plus interest deemed to have accrued from August 15, 2018. The yield is 3.093%.

The lead manager for this issue is National Bank Financial Inc. with RBC Dominion Securities Inc. and Scotia Capital Inc acting as co-lead managers, BMO Nesbitt Burns Inc., Casgrain & Company Limited, CIBC World Markets Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc. and The Toronto-Dominion Bank, acting as other managers.

This is the fifth additional tranche of Debentures, Series JQ, issued initially on November 4, 2014 and the total aggregate principal amount of debentures outstanding under this series now amounts to CA$3.000.000.000.

 

SOURCE Hydro-Québec

View original content: http://www.newswire.ca/en/releases/archive/August2018/30/c6879.html

View Comments and Join the Discussion!