HYDRO-QUÉBEC - ISSUE OF MEDIUM TERM NOTES 3.40% DUE SEPTEMBER 1, 2029 ON THE CANADIAN MARKET

MONTREAL, March 26, 2024 /CNW/ - Hydro-Québec announces that it has negotiated on the Canadian domestic market the issue of new notes totaling CA$600,000,000, Series 0086 maturing on September 1, 2029, under its Canadian Medium Term Note Programme.

The notes, with a coupon of 3.40% payable semi-annually, will be offered on the market at a price of 97.297 plus interest deemed to have accrued from March 1, 2024.  The yield is 3.958%.

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

This is the third additional tranche of notes, Series 0086, issued initially on January 30, 2023 and the total aggregate principal amount of notes outstanding under this Series now amounts to CA$2,400,000,000.

SOURCE Hydro-Québec

Jean-Hugues Lafleur, Executive Vice President and Chief Financial Officer, [phone]; Caroline Des Rosiers, Press Officer, [phone], [email protected]