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QUEBEC CARRIES OUT ITS FIRST BOND ISSUE ON THE AUSTRALIAN MARKET.
QUEBEC CITY, Feb. 28 /CNW-AsiaNet/ - The Deputy Prime Minister and Minister of State for the Economy and Finance, Bernard Landry, is pleased to announce that Quebec successfully completed its first bond issue on the Australian market today. The bonds, with a total value of A$400 million (approximately C$320 million) will mature in five years.
The issue consists of two tranches: one, at a fixed rate, for A$280 million and the other, at a floating rate, for A$120 million. Quebec is the first government in Canada to float a bond issue on the Australian market.
The bonds were purchased by Australian institutional investors, in particular, banks, mutual funds, pension funds and insurance companies.
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Source: HighBeam Research, QUEBEC CARRIES OUT ITS FIRST BOND ISSUE ON THE AUSTRALIAN MARKET.