Hydro-Québec - Issue of Debentures Due February 15, 2060 on the Canadian Market

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Hydro-Québec - Issue of Debentures Due February 15, 2060 on the Canadian Market

Canada NewsWire

MONTREAL, Oct. 21, 2021 /CNW Telbec/ - Hydro-Québec announces that it has negotiated on the Canadian domestic market the issue of CA$500,000,000 of Debentures, Series JR, maturing on February 15, 2060.

The Debentures, with a coupon of 2.10%, payable semi-annually, will be offered on the market at a price of 82.727 plus interest deemed to have accrued from August 15, 2021. The yield is 2.843%.

The lead manager for this issue is National Bank Financial Inc. with BMO Nesbitt Burns Inc. and CIBC World Markets Inc. acting as co-lead managers, Casgrain & Company Limited, Desjardins Securities Inc., Laurentian Bank Securities Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and The Toronto-Dominion Bank, acting as other managers.

This is the ninth additional tranche of Debentures, Series JR, issued initially on November 9, 2020 and the total aggregate principal amount of Debentures outstanding under this Series now amounts to CA$5,000,000,000.

SOURCE Hydro-Québec

Cision View original content: http://www.newswire.ca/en/releases/archive/October2021/21/c6493.html

Copyright CNW Group 2021

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