MONTREAL, Aug. 27 /CNW Telbec/ - Hydro-Québec announces that it has
negotiated on the Canadian domestic market the issue of an additional tranche
of debentures of CA$500,000,000, Series JM, maturing on February 15, 2045.
The debentures, with a coupon of 5.00%, payable semi-annually, will be
offered on the market at a price of 102.586 plus interest deemed to have
accrued from August 15, 2008. The yield is 4.848%.
The lead manager for this issue is National Bank Financial Inc. with CIBC
World Markets Inc. and Scotia Capital Inc. acting as co-lead managers and, BMO
Nesbitt Burns Inc., Casgrain & Company Limited, Desjardins Securities Inc.,
Laurentian Bank Securities Inc., Merrill Lynch Canada Inc., RBC Dominion
Securities Inc. and The Toronto-Dominion Bank acting as other managers.
This is the ninth additional tranche of Debentures, Series JM, issued
initially in October 2006 and the total aggregate principal amount of
debentures outstanding under this series now amounts to CA$5,000,000,000.
For further information:
For further information: Jean-Hugues Lafleur, Corporate Treasurer,
Hydro-Québec, (514) 289-4772; Flavie Côté, Press Officer, (514) 289-2220,
Hydro-Québec, Cote.Flavie@hydro.qc.ca; Press room: