Hydro-Québec - Issue of debentures - 5.00% due February 15, 2050 on the Canadian market

MONTREAL, Sept. 27, 2011 /CNW Telbec/ - Hydro-Québec announces that it has negotiated on the Canadian domestic market the issue of CA$500,000,000 of debentures, Series JN, maturing on February 15, 2050.

The debentures, with a coupon of 5.00%, payable semi-annually, will be offered on the market at a price of 121.978 plus interest deemed to have accrued from August 15, 2011. The yield is 3.892%.

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

This is the eighth additional tranche of Debentures, Series JN, issued initially on January 15, 2009 and the total aggregate principal amount of debentures outstanding under this series now amounts to CA$4,500,000,000.

SOURCE HYDRO-QUEBEC

For further information:

Jean-Hugues Lafleur
Vice President - Financing, Treasury and Pension Fund
Tel.: (514) 289-4772

Ariane Connor, Media Relations
Tel: (514) 289-5982
E-mail: connor.ariane@hydro.qc.ca

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HYDRO-QUEBEC

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