Hydro-Québec Issue of Debentures 5.00% Due February 15, 2050 on the Canadian Market



    MONTREAL, Jan. 12 /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 101.632 plus interest deemed to have
accrued from August 15, 2008. The yield is 4.907%.
    The lead manager for this issue is National Bank Financial Inc. with BMO
Nesbitt Burns Inc. and The Toronto-Dominion Bank acting as co-lead managers
and, Casgrain & Company Limited, CIBC World Markets Inc., Desjardins
Securities Inc., Laurentian Bank Securities Inc., Merrill Lynch Canada Inc.,
RBC Dominion Securities Inc. and Scotia Capital Inc. acting as other managers.




For further information:

For further information: Jean-Hugues Lafleur, Vice President -
Financing, Treasury and Pension Fund, (514) 289-4772; Flavie Côté, Press
Officer, Hydro-Québec - Media Relations, (514) 289-2220,
Cote.Flavie@hydro.qc.ca; Press room: http://www.hydroquebec.com/media


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