Quebec sells C$500 mln 10-year notes in reopening -term sheet

Wed Aug 7, 2013 10:52am EDT
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Aug 7 (Reuters) - Quebec on Wednesday sold C$500 million ($481 million) of 10-year notes due Sept. 1, 2023 in a reopening of an existing 10-year issue, according to a term sheet seen by Reuters.

The 3.00 percent notes were priced at 96.0710 to yield 3.466 percent or 95.5 basis points over the Canadian government benchmark, according to the term sheet.

The total amount now outstanding is C$5.5 billion ($5.3 billion).

The investment dealer arm of National Bank of Canada was the lead manager on the sale.