Hydro-Quebec has sold approximately C$500 million worth of debentures on the Canadian domestic market, which will mature on Feb. 15, 2050.
The debentures, with a coupon of 5% payable semi-annually, will be offered on the market at a price of C$113.488 plus interest deemed to have accrued from Aug. 15, 2010. The yield is 4.287%.
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 & Co. Ltd., CIBC World Markets Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc., Merrill Lynch Canada Inc. and the Toronto-Dominion Bank also acted as managers.