Hydro-Québec issues medium term notes 2.00% due September 1, 2028 on the Canadian market

October 20, 2022

On October 20, 2022, Hydro-Québec announced that it has negotiated on the Canadian domestic market the issue of new notes totaling CA$600,000,000, Series 0082 maturing on September 1, 2028, under its Canadian Medium Term Note Programme. This is the third additional tranche for Series 0082, initially issued on January 13, 2022, for an aggregate principal amount of CA $2.4 billion.

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, and 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.

Hydro- Québec is a multibillion dollar public utility company that manages the generation, transmission and distribution of electricity in the Canadian province of Quebec.

Miller Thomson advised Hydro-Quebec on the deal with a team comprised of Bernard Blouin and Bruno Caron (Capital Markets & Securities).