MONTREAL, June 23, 2011 /CNW Telbec/ - Hydro-Québec announces that it
has negotiated a new issue of US$ 1,000,000,000 on the world market,
Series JO, maturing on June 30, 2016.
The debentures, guaranteed by Québec, dated June 30, 2011, will bear
interest at 2.00%, payable semi-annually, on June 30 and December 30 of
The debentures will be distributed simultaneously on the Canadian,
American, European and Asian markets by an international group of
underwriters. They will be offered on the market at a price of 99.981 %
to yield 2.004%.
BofA Merrill Lynch, HSBC, National Bank of Canada Financial and
RBC Capital Markets will be joint lead managers.
BMO Capital Markets, BNP PARIBAS, CIBC, Deutsche Bank Securities and
Scotia Capital will be the senior co-managers of the issue.
Casgrain & Company (USA) Limited, Desjardins Capital Markets,
J.P. Morgan, Mitsubishi UFJ Securities, RBS, SOCIETE GENERALE and
TD Securities will act as co-managers.
It is Hydro-Québec's second U.S. dollar global issue and its first issue
in U.S. dollars since 2001.
For further information:
Vice President - Financing, Treasury and Pension Fund
Tel.: (514) 289-4772
Media and Emergency Communications
Ariane Connor, Media Relations
Tel: (514) 289-5982
Press Room: http://www.hydroquebec.com/media