Montreal, July 10, 2018
Issue of debentures due February 15, 2055 on the Canadian market
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 122.580 plus interest deemed to have accrued from February 15, 2018. The yield is 2,982%.
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, BMO Nesbitt Burns Inc., Casgrain & Company Limited, Desjardins Securities Inc., Laurentian Bank Securities Inc., RBC Dominion Securities Inc. and The Toronto-Dominion Bank, acting as other managers.
This is the fourth 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$2,500,000,000.
Executive Vice President and Chief financial and Risk Officer