Hydro-Québec Issues C$500 Million Debentures Maturing in 2065
Hydro-Québec - Issue of Debentures Due February 15, 2065 on the Canadian Market
Benzinga
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Hydro-Québec has announced the issuance of C$500 million in Debentures, Series JU, which will mature on February 15, 2065. The debentures feature a 4.00% coupon rate and will be available at a price of 89.593. This issuance is part of a larger series totaling C$8 billion.
- 01The total amount of the new issue is C$500 million.
- 02These debentures have a 4.00% coupon rate, payable semi-annually.
- 03The yield on the debentures is 4.576%.
- 04This issuance will be delivered on June 4, 2026.
- 05The total outstanding amount under Series JU now reaches C$8 billion.
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Hydro-Québec has successfully negotiated the issuance of C$500 million in Debentures, Series JU, which are set to mature on February 15, 2065. The debentures will carry a coupon rate of 4.00%, with interest payable semi-annually. They will be offered at a price of 89.593, which includes accrued interest from February 15, 2026. The yield for these debentures is calculated at 4.576%. This issuance marks the fifteenth tranche of Debentures, Series JU, which was initially launched on September 19, 2024. Following this new issuance, the total aggregate principal amount of Debentures outstanding under this series will reach C$8 billion. The lead manager for this transaction is National Bank Financial Inc., with co-lead managers including CIBC World Markets Inc. and Scotia Capital Inc. Other participating managers include BMO Nesbitt Burns Inc., Casgrain & Company Limited, Desjardins Securities Inc., Laurentian Bank Securities Inc., RBC Dominion Securities Inc., and The Toronto-Dominion Bank.
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This issuance provides Hydro-Québec with significant funding for future projects, which could lead to infrastructure improvements and job creation in the region.
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