Bond Québec Province 7.5% ( US748148AQ64 ) in USD

Issuer	Québec Province
Market price	100 % ⇌
Country	Canada
ISIN code	US748148AQ64 ( in USD )
Interest rate	7.5% per year ( payment 2 times a year)
Maturity	15/09/2029
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Minimal amount	1 000 USD
Total amount	50 000 000 USD
Cusip	748148AQ6
Next Coupon	15/09/2026 ( In 142 days )
Detailed description	Quebec is a predominantly French-speaking province in eastern Canada, known for its unique culture, history, and stunning landscapes, including the Appalachian Mountains and the St. Lawrence River. A significant debt offering from a prominent Canadian sub-sovereign entity has garnered attention in the fixed-income market. The Province of Quebec, one of Canada's ten provinces and three territories, stands as the largest province by area and the second most populous, distinguished by its unique cultural identity and a diversified economy encompassing sectors such as aerospace, information technology, renewable energy, and natural resources. As a major constituent part of Canada, a G7 nation with a strong sovereign credit rating, Quebec generally benefits from a robust fiscal framework and is a frequent participant in global capital markets, leveraging its creditworthiness to fund public services, infrastructure development, and economic growth initiatives. The specific debt instrument under review is a bond issued by the Province of Quebec, identifiable by its ISIN US748148AQ64 and CUSIP 748148AQ6. This particular bond is denominated in United States Dollars (USD), indicating its appeal to a broad international investor base, and carries a fixed annual interest rate of 7.5%, with interest payments disbursed semi-annually, reflecting a common structure for such debt securities. The total principal amount of this specific issue is $50,000,000, providing a substantial investment opportunity, while the minimum purchase size is set at $1,000, making it accessible to a range of institutional and individual investors. Investors in this bond can anticipate the repayment of their principal on the maturity date of September 15, 2029. Currently, the bond is trading at 100% of its par value on the market, implying that its yield-to-maturity is closely aligned with its coupon rate, reflecting its current valuation and market perception within the fixed income landscape. This offering underscores the Province of Quebec's continued engagement with international capital markets to finance its operational and developmental needs, offering investors a stable, high-yield opportunity from a reputable Canadian issuer.