Hydro-Québec: Issue of Debentures 5.00% due Februrary 15, 2045 on the Canadian Market

Tue May 13, 1:55 PM

MONTREAL, May 13 /CNW Telbec/ - Hydro-Québec announces that it has negotiated on the Canadian domestic market the issue of an additional tranche of debentures of CA$500,000,000, Series JM, maturing on February 15, 2045.

The debentures, with a coupon of 5.00%, payable semi-annually, will be offered on the market at a price of 102.903 plus interest deemed to have accrued from February 15, 2008. The yield is 4.830%.

The lead manager for this issue is National Bank Financial Inc. with RBC Dominion Securities Inc. and The Toronto-Dominion Bank acting as co-lead managers and, BMO Nesbitt Burns Inc., Casgrain & Company Limited, CIBC World Markets Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc., Merrill Lynch Canada Inc. and Scotia Capital Inc. acting as other managers.

This is the eighth additional tranche of Debentures, Series JM, issued initially in October 2006 and the total aggregate principal amount of debentures outstanding under this series now amounts to CA$4,500,000,000.

Contacts

Flavie Côté
Media Relations
Hydro-Québec
(514) 289-2220
Cote.Flavie@hydro.qc.ca

Press room: http://www.hydroquebec.com/media

Jean-Hugues Lafleur
Corporate Treasurer
(514) 289-4772