NewswireToday - /newswire/ -
Montréal, Québec, Canada, 2012/06/13 - Hydro-Québec announces that it has negotiated a new issue of US$ 1,000,000,000 on the world market, Series JP, maturing on June 19, 2017 - HydroQuebec.ca.
The debentures, guaranteed by Québec, dated June 19, 2012, will bear interest at 1.375%, payable semi-annually, on June 19 and December 19 of each year.
The debentures will be distributed simultaneously on the Canadian, American, European and Asian markets by an international group of underwriters. They will be offered on the market at a price of 99.884 % to yield 1.399%.
BofA Merrill Lynch, CIBC, HSBC and RBC Capital Markets will be joint lead managers.
National Bank of Canada Financial, BMO Capital Markets, BNP PARIBAS, Deutsche Bank Securities and Scotiabank GBM will be the senior co-managers of the issue.
Casgrain & Company Limited, Desjardins Capital Markets, J.P. Morgan, Mitsubishi UFJ Securities, RBS, SOCIETE GENERALE, TD Securities and UBS Investment Bank will act as co‑managers.
Jean-Hugues Lafleur, Vice President – Financing, Treasury and Pension Fund
T: (514) 289-4772