Quebec sells C$500 mln debt in reopening -term sheet

Wed Dec 5, 2012 1:55pm EST

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Dec 5 (Reuters) - The Canadian province of Quebec on Wednesday sold C$500 million ($505 million) in a reopening of an existing issue, according to a term sheet seen by Reuters.

The 3.00 percent notes, due Sept. 1, 2023, were priced at 100.143 to yield 2.98 percent or 119 basis points over the Canadian government benchmark.

The total amount outstanding is now C$1 billion ($1.01 billion)

The investment dealer arm of National Bank of Canada was the lead manager of the sale.

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