Montréal, November 5, 2020
Hydro-QuébecIssue of debentures due February 15, 2060 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 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 99.733 plus interest deemed to have accrued from August 15, 2020. The yield is 2.110%.
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 a new issue designated as Series JR.
Executive Vice President and Chief Financial Officer