The ministère des Finances Changes the Reference Price Index Used for Québec Government Real Return Bonds



    QUEBEC, June 22 /CNW Telbec/ - On June 19, 2007, Statistics Canada
changed the reference year of the consumer price index (CPI) from 1992 to
2002. The CPI reference year is the period for which the value of 100 is
assigned to the index.
    A change to the reference period changes the historical data of the CPI
according to a conversion factor. The official conversion factor, rounded to
three decimal places, is 1.190.
    In accordance with the terms and conditions of Québec real return bonds,
a new reference CPI must be used. The following table shows the new reference
CPI calculated using the conversion factor of 1.190, in effect since June 19,
2007, for Québec government real return bonds.

    
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
      Interest                      New reference CPI   Former reference CPI
      rate (%)       Maturity       (Ref CPI original)   (Ref CPI original)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
        3.30     December 1, 2013       101.37435            120.63548
    -------------------------------------------------------------------------
        4.50     December 1, 2021       96.67467             115.04286
    -------------------------------------------------------------------------
        4.50     December 1, 2026       90.40618             107.58336
    -------------------------------------------------------------------------
        4.25     December 1, 2031       96.67467             115.04286
    -------------------------------------------------------------------------
       3.441     December 1, 2031       100.92437            120.10000
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    

    The new official reference period will be used as the basis for the index
ratios of Québec real return bonds, calculated on June 19, 2007 or later. No
adjustment will be made to the ratios calculated prior to that date.
    -%SU: TAX
    -%RE: 1




For further information:

For further information: Jacques Delorme, Media Relations Officer,
Direction des communications, (418) 528-7382, www.finances.gouv.qc.ca


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