Hydro-Québec set up a US medium-term note program on June 2, 2004. The syndicate of underwriters for the offering of up to US$2 billion of medium-term notes, due nine months or more from the date of issue, is led by Merrill Lynch & Co., and also includes Credit Suisse First Boston, CIBC World Markets, Citigroup, JPMorgan, Putnam Lovell NBF Securities Inc., RBC Capital Markets and Scotia Capital. The notes, which will be in minimum denominations of US$1,000, will be guaranteed unconditionally as to principal, premium and interest by the Province of Quebec and both the notes and the guarantee will be governed by the laws of Quebec.
Hydro-Québec was represented by Pierre Sauvé and Bernard Blouin of Bélanger Sauvé.
The underwriters were represented in Canada by Dominique Fortin and Angelo Noce (corporate) and by Jules Charette (tax) of Ogilvy Renault; and in the US by Robert Buckholz, Stephen Oxman, Sean Jensen and Ravi Pallavi of Sullivan & Cromwell.
Hydro-Québec was represented by Pierre Sauvé and Bernard Blouin of Bélanger Sauvé.
The underwriters were represented in Canada by Dominique Fortin and Angelo Noce (corporate) and by Jules Charette (tax) of Ogilvy Renault; and in the US by Robert Buckholz, Stephen Oxman, Sean Jensen and Ravi Pallavi of Sullivan & Cromwell.
