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



    MONTREAL, Jan. 26 /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 100.171 plus interest deemed to have
accrued from August 15, 2008. The yield is 4.990%.
    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 first 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$1,000,000,000.




For further information:

For further information: Jean-Hugues Lafleur, Vice President -
Financing, Treasury and Pension Fund, Hydro-Québec, (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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