Quebec sells C$500 mln bonds in reopening - term sheet

Tue Dec 18, 2012 10:05am EST
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Dec 18 (Reuters) - The Canadian province of Quebec on Tuesday sold C$500 million($505 million) of bonds due Sept. 1, 2023 in a reopening of an existing issue, according to a term sheet seen by Reuters.

The 3.00 percent bonds were priced at 99.390 to yield 3.067 percent, or 111.5 basis points over the Canadian government benchmark, according to the term sheet.

The total amount now outstanding is C$1.5 billion ($1.52 billion).

National Bank was the lead manager on the sale.