MONTREAL, Feb. 12, 2020 /CNW Telbec/ - Hydro-Québec announces that it has negotiated on the Canadian domestic market the issue of CA$500,000,000 of Debentures, Series JQ, maturing on February 15, 2055.
The Debentures, with a coupon of 4.00%, payable semi-annually, will be offered on the market at a price of 142.267 plus interest deemed to have accrued from August 15, 2019. The yield is 2.249%.
The lead manager for this issue is National Bank Financial Inc. with RBC Dominion Securities Inc. and Scotia Capital Inc. acting as co-lead managers, BMO Nesbitt Burns Inc., Casgrain & Company Limited, CIBC World Markets Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc. and The Toronto-Dominion Bank acting as other managers.
This is the twelfth additional tranche of Debentures, Series JQ, issued initially on November 4, 2014 and the total aggregate principal amount of Debentures outstanding under this Series now amounts to CA$6,500,000,000.
For further information: Jean-Hugues Lafleur, Executive Vice President and Chief Financial and Risk Officer, (514) 289-4772; Maxence Huard-Lefebvre, Press Officer, (514) 289-7701, [email protected]