MONTREAL, June 2, 2026 /CNW/ – Hydro-Québec has announced the successful negotiation of a new debenture issue on the Canadian domestic market. The company is issuing C$500,000,000 in Debentures, Series JU, which will mature on February 15, 2065. This long-term financing move underscores Hydro-Québec's strategy to secure stable funding for its operations and infrastructure projects.
Details of the Debenture Issue
The Debentures carry a coupon rate of 4.00%, payable semi-annually. They will be offered to the market at a price of 89.593, plus interest deemed to have accrued from February 15, 2026. The yield to maturity for investors is 4.576%. The issuance and delivery of the Debentures are scheduled for the closing date of June 4, 2026.
Underwriting Syndicate
The lead manager for this issue is National Bank Financial Inc. Co-lead managers include CIBC World Markets Inc. and Scotia Capital Inc. Other managers participating in the syndicate are BMO Nesbitt Burns Inc., Casgrain & Company Limited, Desjardins Securities Inc., Laurentian Bank Securities Inc., RBC Dominion Securities Inc., and The Toronto-Dominion Bank. This broad syndicate reflects strong market interest in Hydro-Québec's debt securities.
Series JU Background
This is the fifteenth additional tranche of Debentures under Series JU, which was initially issued on September 19, 2024. With this new issuance, the total aggregate principal amount of Debentures outstanding under Series JU now stands at C$8,000,000,000. The series has been progressively expanded to meet the company's financing needs.
Hydro-Québec continues to be a major player in the Canadian bond market, leveraging its strong credit profile to raise long-term capital. The debentures are expected to attract a wide range of institutional investors seeking stable, long-term returns.
SOURCE Hydro-Québec
