QUEBEC SECURITIES AND LOANS

Transcription

1 QUEBEC SECURITIES AND LOANS Outstanding as at March 31, 2015 The electronic version of the document is available at: Published by: Bank Transactions Management and Development Branch Confirmations and Settlements Division Ministère des Finances 8 Cook Street, 2 nd floor Quebec (Quebec) G1R 0A4 Tel.: (418) Fax: (418) backoffice@finances.gouv.qc.ca

2 No part of this publication may be reproduced in any form, or by any means, including photocopying without the written permission of the Ministère des Finances. While every effort has been made to ensure accuracy and completeness, the Ministère des Finances assumes no responsibility for possible omissions or errors. Legal Deposit August, 2015 Bibliothèque et Archives nationales du Québec ISSN X (Print) ISSN (PDF) Gouvernement du Québec,

3 INDEX SECTION 1: CHARACTERISTICS OF ISSUES GENERAL CHARACTERISTICS OF BONDS GENERAL CHARACTERISTICS OF MEDIUM-TERM NOTES TREASURY BILLS OTHER ISSUES...9 SECTION 2: ISSUES CLASSIFICATION SUMMARY BY CURRENCY AND BY YEAR CALLED ISSUES RETRACTABLE ISSUES BONDS AND LOANS BONDS CLASSIFICATION BY MATURITY

4 This page is intentionally left blank. 4

5 SECTION 1: CHARACTERISTICS OF ISSUES 1.1. GENERAL CHARACTERISTICS OF BONDS 1. SECURITIES ISSUED ON THE DOMESTIC MARKET Unless otherwise indicated, the following terms and conditions apply to domestic securities: The principal and interest on bonds are payable in lawful money of Canada at any branch in Canada of any bank or any savings and credit union ( Caisse Desjardins ) designated as authorized paying agent by Quebec. - The indicated amount outstanding is equal to the face value at issue, unless otherwise indicated; - The issue price is the price to the public, excluding any accrued interest; - Issues purchased in whole or in part by the Caisse de depot et placement du Quebec are indicated by the acronym «CDP». Bonds may be exchanged, free of charge to their holders, by surrendering them to the transfer agent, for bonds of an equal aggregate face amount and with the same characteristics, in any authorized forms and denominations. Transfer agent: Computershare Investor Services 1500, University Street, 7 th floor Montreal (Quebec) H3A 3S Unless otherwise indicated, bonds are not callable. If a security includes a call option, Quebec shall give notice of its intention to redeem not less than 30 days prior to the date fixed for redemption. Such notice shall be published once in a daily newspaper of general circulation in the City of Montreal, once in a daily newspaper of general circulation in the City of Toronto and once in Gazette officielle du Quebec, and copy of the notice shall be sent by registered address appearing in the register. The Minister of Finances maintains registers for bonds. In addition to all necessary information pertaining each issue, the names and addresses of registered bondholders are recorded as well as details concerning registered securities, their transfer and their deregistration. Closing of books: 15 days before the interest payment date. Bonds may be issued either as bearer bonds or fully registered bonds. Bearer bonds, in denominations identified by series letter (M: $1 000; VM: $5 000; XXV: $25 000; CM: $ ) are issued with coupons and may be registered as to principal only. Fully registered bonds, bearing the name of the bondholder, are issued in multiples of $1 000 but not less than $ Book-based system: when bonds are available only through members of the Canadian Depository Securities Ltd clearing system, this feature is indicated. 2. SECURITIES ISSUED ON FOREIGN MARKETS Unless otherwise indicated, the following terms and conditions apply to securities issued by Quebec on the US, European, Asian and Australian markets. As a general rule, these securities include provisions relating to tax status. These provisions are intended to guarantee that all payments of principal and interest will be made by Quebec without deduction of any taxes, duties, or other charges, present or future, withheld at source by Quebec and set by any government or other tax authority in Canada. In the event that Quebec is required to pay such additional amounts as may be necessary to ensure that the holders receive the full amount due to them, Quebec may, upon giving notice, redeem the outstanding securities at their face value. 5

6 When the tax provisions of a particular security differ materially, in particular regarding the price at which Quebec may redeem such security, compared to the general description given above, such provisions are described in detail in the section relating to such security. - The indicated amount outstanding is equal to the face value, unless otherwise indicated; - The issue is the price to the public excluding any accrued interest. Terms and conditions of payment: payment of principal and payment of interest or premium, if any, are subject to the tax laws or regulations applicable in the country where they are solicited. They are made, free of charge, in the currency of the loan, upon presentation and surrender of the bonds or coupons, as the case may be, at the counter of a paying agent authorized by Quebec. Book-based system: when bonds are available only through members of an electronic clearing system, this feature is indicated GENERAL CHARACTERISTICS OF MEDIUM-TERM NOTES 1. MEDIUM-TERM NOTES ON THE CANADIAN MARKET (MTN CAN) Distribution: Authorised amount: Offered by certain distribution agents in American dollars or Canadian dollars as part of an ongoing in Canada. Up to $ in legal money of Canada, calculated from the initial offering prices of all notes outstanding at any time, or the equivalent thereof in American dollars. Denominations: Book-based system only. Multiples of $1 000 but not less than $ Issue Price: Interest: Maturities: Notes are issued at discount, at their face value or at a premium. Payable semi-annually, unless otherwise indicated. Any maturity of one year or longer. Registrar and paying agent: Quebec. 2. MEDIUM-TERM NOTES ON THE AMERICAN MARKET (MTN USD) Distribution: Authorised amount: Denominations: Issue Price: Interest: Maturities: Offered by certain distribution agents in various currencies as part of an ongoing offer in United States. Up to $ in legal money of the United States, calculated from the initial offering prices of all notes outstanding at any time, or the equivalent thereof in other currencies. The notes are available either for the book-based system or as registered bonds without coupon. American Dollar: Multiples of US $1 000 but not less than US $ Other currencies: Multiples of units of the specified currency, but not less than the equivalent of US $ (rounded down to a whole multiple of units of such currency). Notes are issued at discount, at their face value or at a premium. Payable semi-annually unless otherwise indicated. Any maturity of nine months or longer. Citibank N.A., New York. 6

7 3. MEDIUM-TERM NOTES ON THE EUROPEAN MARKET (MTN EURO) Distribution: Authorised amount: Denominations: Issue Price: Interest: Maturities: Offered by certain distribution agents in various currencies as part of an ongoing offer in Europe. Up to US $ representing the aggregate nominal amount of all notes outstanding at any time, or the equivalent thereof in other currencies. The notes are available as a permanent global note or bearer note (with coupon, if applicable). Such denominations as may be agreed between Quebec and the purchaser (save that the minimum denomination of each note denominated in JPY will be ). Notes are issued at discount, at their face value or at a premium. Payable annually unless otherwise indicated. Any maturity of 1 month or longer (except in the case of notes denominated in JPY which will have minimum maturity of 1 year). Citibank N.A., London. 4. MEDIUM-TERM NOTES ON THE AUSTRALIAN MARKET (MTN AUD) Distribution: Authorised amount: Denominations: Issue Price: Interest: Maturities: Offered by certain distribution agents in various currencies as part of an ongoing offer in Australia. The face value of notes outstanding at any time shall not exceed $ in legal currency of Australia or the equivalent in other currencies. Available under the book-based system only. Australian Dollar: Multiples of A $ Other currencies: Multiples of units of the specified currency, not less than the equivalent of A $ Notes are issued at discount, at their face value or at a premium. Payable semi-annually, unless otherwise indicated. Any maturity of one year or longer. Computershare, Sydney. 7

8 1.3. TREASURY BILLS Distribution: Devise: Authorised amount: Denominations: Issue Price: Maturities: Paying agent: Offered by electronic tender. They are offered on Thursday for Friday settlement. For more details on tenders and outstanding issues, please visit our site at index_en.html. Canadian dollar. Up to $ and $ for private issues. Issued in bearer form only, in denominations of $1 000 and multiples thereof. The bills are issued at discount and do not otherwise bear interest. 91, 182 or 364 days from issue date. Caisse Centrale Desjardins. Maturity Date Issue Date Average price at the tender Average yield (%) Outstanding (000)

9 1.4. OTHER ISSUES 1. QUÉBEC SAVINGS PRODUCTS Description: Canadian dollar. Épargne Placements Québec is responsible for marketing Québec savings products issued and guaranteed by the Québec government. Term products: Step-up Bonds Fixed-rate Bonds Discount Bonds Securi+ Bonds Stock index products: Stock Index Bonds Products redeemable at any time: Savings Bonds Flexi-Plus Savings Periodic Savings Plan by instalments Payroll Periodic Savings Plan Issue date: Various (2000 à 2015). Maturity date: Amount outstanding: $ Issue price: Interest rate or yield: Between 1 and 15 years from issue date. $100 except for the Discount Bonds, Flexi-Plus Savings and periodic savings plans. Simple or compound interest for all savings products except Stock Index Bonds, for which the yield is based on the IREC Indice Québec IQ-30 TM. Purchase amount: Authorised purchasers: Additional information: For Flexi-Plus Savings and periodic savings plans: $10 minimum. For other products: $100 minimum. A maximum of $ applies, however, to certain types of authorized purchasers. Persons or groups of persons or properties, domiciled in Québec and subject to the rules of Québec law: natural persons, partnerships or limited partnerships, legal persons, successions of persons, foundations and personal or social trusts. Épargne Placements Québec 333, Grande Allée Est Québec (Québec) G1R 5W , Monday through Friday, from 8 a.m. to 8 p.m. 9

10 2. LOANS CARRIED OUT UNDER THE INVESTOR IMMIGRANT PROGRAM FOR THE ASSISTANCE OF BUSINESS Description: Authorised amount: Canadian dollar. These loans consist of notes issued to IQ Immigrants Investisseurs Inc. a subsidiary of Investissement Quebec, under the investor immigrant program for the assistance of businesses. This program is designed to foster Quebec s economic development by granting financial assistance to Quebec businesses. The total face value of all outstanding notes, at any time, shall not exceed $ in legal currency of Canada. Issue date: Various (2010 to 2015). Maturity: 5 years from issue date. Amount outstanding: $ Issue price: Issued at a discount and not otherwise bearing interest (yield varying between 1.15% and 3.64%). 3. LOANS CONTRACTED BY UNIVERSITIES ASSUMED BY QUEBEC Description: Canadian dollar. In accordance with the Act respecting the financing of university investments, a university could, before March 18, 1987, contract a loan with Central Mortgage and Housing Corporation to finance an investment. Repayment of these loans is guaranteed by the minister of Finance on behalf of the Quebec government which at each due date, pays the interest and amortization out of the Consolidated Revenue Fund. Issue date: Various (1965 to 1967). Maturity: 50 years from issue date. Amount outstanding: $ Issue price: $100 (yield from 5.125% to 5.75%). Terms and conditions of payment: The loans are repayable in equal semi-annual instalments including principal and interest and are not redeemable prior maturity. 10

11 4. BONDS ISSUED TO THE CANADA PENSION PLAN INVESTMENT FUND WITH THE CANADA PENSION PLAN INVESTMENT BOARD (CPPIB) Description: Canadian dollar. These bonds may not be negotiated, transferred or assigned, except to a wholly owned subsidiary of the CPP Investment Board. They are issued to fund a shortfall of retirement pension coverage regarding members of the Canadian Forces and the Royal Canadian Mounted Police employed in Quebec. Issue date: Various (1999 to 2012). Maturity date: Between 20 and 30 years after their issue date. Amount outstanding: $ Issue price: $100 (yield from 3.55% to 6.93%). Interest rate: Prior to the adoption of order-in-council : rate set on the basis of the weighted average return of all outstanding Government of Canada bonds, maturing in 20 years or more, and whose negotiability, transferability or assignment is not subject to any limitation or restriction. Interest payable: February 1 and August 1. Terms and conditions of payment: After the adoption of order-in-council but prior to the adoption of order-in-council : rate set by the Minister of Finances of Canada at a level roughly equal to that which the province would be required to pay if it borrowed the same amount for the same period for a security freely issued on the financial market. After the adoption of order-in-council : two methods to determine the rate set: - rate set by way of a verbal agreement between an authorised trader from the CPP Investment Board and an authorised trader from the province; - the CPPIB will poll five mutually agreed upon dealers for quotes (the reference Bond and the appropriate provincial spread) 5 business days prioir to the new issue. The average of such quotes after removing the low and high quotes shall be agreed interest rate. Payable at maturity, but also redeemable, in whole or in part, if requested in writing by Quebec, 6 days prior to the specified redemption date. Identification of denominations: Fully registered: $1 000 and whole multiples thereof, registered in the name of CPPIB on behalf of the Canada Pension Plan Investment Fund. 11

12 This page is intentionally left blank. 12

13 SECTION 2: ISSUES CLASSIFICATION 2.1. SUMMARY BY CURRENCY AND BY YEAR 1 (IN THOUSANDS OF MONETARY UNITS) Canadian dollar ($ CA) American dollar ($ US) Yen ( ) Swiss Franc (CHF) Pound sterling ( ) Australian dollar ($ A) Euro ( ) New Zealand dollar ($ NZ) Mexican Peso (MXN) Total Including securities issued by Quebec for the Fonds de Financement but excluding those made by Financement Quebec. 13

14 2.2 CALLED ISSUES Date of Redemption Series Currency Issue Date Maturity Date Coupon (%) Redemption Price JPY JK USD RETRACTABLE ISSUES Characteristics of the option (1) Characteristics of the loan Coupon Exercise If option Maturity O/S Date Current not exercised Date (000) Ccy Series Page Retractable (2) (3) unchanged USD (4) unchanged USD (5) unchanged USD (6) unchanged USD (7) unchanged USD (1) The right to exercise the option belongs to the holder unless otherwise indicated. (2) If option is exercised (notice of 30 to 60 days for U.S. and European markets and notice of 15 to 30 days for Canadian market), Quebec shall redeem the issue in whole 100. (3) Retractable on any interest payment date until maturity. (4) Retractable on January 30, 2016 and (5) Retractable on February 27, (6) Retractable on April 15, 2016 and (7) Retractable on July 22,

15 2.4.BONDS AND LOANS Maturity Issue Date Issue price Coupon (%) (1) ISIN Number Date Outstanding (000) Currency Series/ Program Sinking fund (2) References a. XS $CA MTN EURO s.a. US748148RQ $US QB Details p s.a. CA74814ZAP $CA MTN CAN s.a. AU0000QBCHE $A MTN AUD s.a. AU0000QBCHE $A MTN AUD s.a. CA748148KN $CA LW 1% a. Details p a. CH CHF MTN EURO a. CH CHF MTN EURO s.a. C4108FAC $NZ QC Details p Various Various s.a. CA748148RP $CA QA Details p a. CH CHF MTN EURO a. CH CHF MTN EURO s.a. XS MXN MTN EURO a. XS MTN EURO s.a. US748148RR $US QD Details p a. LU $US JW Details p a. XS MTN EURO s.a. XS MTN EURO s.a. CA74814ZAQ $CA MTN CAN s.a. XS MTN EURO s.a. CA74814ZDL $US MTN CAN a. XS MTN EURO Var. q. XS $CA MTN EURO Var. q. CA74814ZEQ $CA MTN CAN % l.s Var. q. CA74814ZEQ $CA MTN CAN % l.s Var. q. CA74814ZEQ $CA MTN CAN % l.s Var. q. CA74814ZEQ $CA MTN CAN % l.s Var. q. CA74814ZEQ $CA MTN CAN % l.s Var. q. CA74814ZEQ $CA MTN CAN % l.s Var. q. CA74814ZEQ $CA MTN CAN % l.s Var. q. CA74814ZEQ $CA MTN CAN % l.s Var. q. CA74814ZEQ $CA MTN CAN % l.s Var. q. CA74814ZEQ $CA MTN CAN % l.s Var. q. CA74814ZEQ $CA MTN CAN % l.s Var. q. CA74814ZEQ $CA MTN CAN % l.s a. XS MTN EURO a. XS MTN EURO s.a. XS MTN EURO s.a. US748148RS $US QE Details p a. XS MTN EURO a. XS MTN EURO a. XS MTN EURO s.a. CA74814ZDH $CA MTN CAN s.a. CA74814ZDH $CA MTN CAN s.a. CA74814ZDH $CA MTN CAN s.a. CA74814ZDH $CA MTN CAN s.a. CA74814ZDH $CA MTN CAN s.a. CA74814ZDH $CA MTN CAN a. XS MTN EURO a. XS MTN EURO a. XS MTN EURO a. XS MTN EURO a. XS MTN EURO a. XS MTN EURO 15

16 2.4.BONDS AND LOANS Maturity Issue Date Issue price Coupon (%) (1) ISIN Number Date Outstanding (000) Currency Series/ Program Sinking fund (2) References a. XS MTN EURO a. XS MTN EURO a. XS MTN EURO s.a. N/A QF Details p a. XS MTN EURO Var. q. XS $CA MTN EURO a. CH CHF MTN EURO a. CH CHF MTN EURO s.a. CA74814ZAR $CA MTN CAN a. XS MTN EURO a. XS MTN EURO a. XS MTN EURO s.a. XS MTN EURO s.a. XS MTN EURO s.a. US74815HCK MTN USD a. XS MTN EURO s.a. CA74814ZDR $CA MTN CAN s.a. CA74814ZDR $CA MTN CAN s.a. CA74814ZDR $CA MTN CAN s.a. CA74814ZDR $CA MTN CAN s.a. CA74814ZDR $CA MTN CAN s.a. CA74814ZDR $CA MTN CAN s.a. CA74814ZDR $CA MTN CAN s.a. CA74814ZDR $CA MTN CAN s.a. CA74814ZDR $CA MTN CAN % l.s s.a. CA74814ZDR $CA MTN CAN % l.s a. CH CHF MTN EURO q. XS MTN EURO a. XS MTN EURO s.a. US748148RT $US QG Details p s.a. XS $US MTN EURO s.a. XS MTN EURO s.a. US74815HCL MTN USD s.a. CA74814ZDU $CA MTN CAN s.a. CA74814ZDU $CA MTN CAN s.a. CA74814ZDU $CA MTN CAN s.a. CA74814ZDU $CA MTN CAN s.a. CA74814ZDU $CA MTN CAN s.a. CA74814ZDU $CA MTN CAN s.a. CA74814ZDU $CA MTN CAN s.a. CA74814ZDU $CA MTN CAN s.a. CA74814ZDU $CA MTN CAN % l.s a. CH CHF MTN EURO Var. q. CA74814ZET $CA MTN CAN Var. q. CA74814ZET $CA MTN CAN Var. q. CA74814ZET $CA MTN CAN Var. q. CA74814ZET $CA MTN CAN Var. q. CA74814ZET $CA MTN CAN Var. q. CA74814ZET $CA MTN CAN Var. q. CA74814ZET $CA MTN CAN Var. q. CA74814ZET $CA MTN CAN Var. q. CA74814ZET $CA MTN CAN Var. q. CA74814ZET $CA MTN CAN Var. q. CA74814ZET $CA MTN CAN Var. q. CA74814ZET $CA MTN CAN 16

17 2.4.BONDS AND LOANS Maturity Issue Date Issue price Coupon (%) (1) ISIN Number Date Outstanding (000) Currency Series/ Program Sinking fund (2) a. XS MTN EURO a. XS MTN EURO s.a. CA74814ZDF $US MTN CAN Var. q. CA74814ZEU $CA MTN CAN % l.s Var. q. CA74814ZEU $CA MTN CAN Var. q. CA74814ZEU $CA MTN CAN Var. q. CA74814ZEU $CA MTN CAN Var. q. CA74814ZEU $CA MTN CAN Var. q. CA74814ZEU $CA MTN CAN Var. q. CA74814ZEU $CA MTN CAN Var. q. CA74814ZEU $CA MTN CAN Var. q. CA74814ZEU $CA MTN CAN s.a. CA74814ZEE $CA MTN CAN s.a. CA74814ZEE $CA MTN CAN s.a. CA74814ZEE $CA MTN CAN s.a. CA74814ZEE $CA MTN CAN s.a. CA74814ZEE $CA MTN CAN s.a. CA74814ZEE $CA MTN CAN s.a. CA74814ZEE $CA MTN CAN s.a. CA74814ZEE $CA MTN CAN s.a. CA74814ZEE $CA MTN CAN s.a. CA74814ZEE $CA MTN CAN s.a. CA74814ZEE $CA MTN CAN References s.a. N/A IL Details p s.a. US748148RU $US QJ Details p s.a. CA74814ZDC $CA MTN CAN s.a. CA74814ZDG $US MTN CAN s.a. CA74814ZEG $CA MTN CAN s.a. CA74814ZEG $CA MTN CAN s.a. CA74814ZEG $CA MTN CAN s.a. CA74814ZEG $CA MTN CAN s.a. CA74814ZEG $CA MTN CAN s.a. CA74814ZEG $CA MTN CAN s.a. CA74814ZEG $CA MTN CAN s.a. CA74814ZEG $CA MTN CAN s.a. CA74814ZEG $CA MTN CAN s.a. CA74814ZEG $CA MTN CAN s.a. CA74814ZEG $CA MTN CAN s.a. CA74814ZEG $CA MTN CAN s.a. CA74814ZEG $CA MTN CAN s.a. AU0000QBCHF $A MTN AUD s.a. US748149AF $US QK Details p Various Various s.a. CA748148QY $CA PL s.a. CA74814ZEH $CA MTN CAN s.a. CA74814ZEH $CA MTN CAN s.a. CA74814ZEH $CA MTN CAN s.a. CA74814ZEH $CA MTN CAN s.a. CA74814ZEH $CA MTN CAN s.a. CA74814ZEH $CA MTN CAN s.a. CA74814ZEH $CA MTN CAN s.a. CA74814ZEH $CA MTN CAN s.a. CA74814ZEH $CA MTN CAN s.a. CA74814ZEH $CA MTN CAN 17

18 2.4.BONDS AND LOANS Maturity Issue Date Issue price Coupon (%) (1) ISIN Number Date Outstanding (000) Currency Series/ Program Sinking fund (2) s.a. CA74814ZEH $CA MTN CAN s.a. CA74814ZEH $CA MTN CAN s.a. CA74814ZEH $CA MTN CAN % l.s s.a. CA74814ZEH $CA MTN CAN % l.s s.a. CA74814ZEH $CA MTN CAN % l.s s.a. CA74814ZEH $CA MTN CAN % l.s a. CH CHF MTN EURO References s.a. CA74814ZEL $CA MTN CAN s.a. CA74814ZEL $CA MTN CAN s.a. CA74814ZEL $CA MTN CAN s.a. CA74814ZEL $CA MTN CAN s.a. CA74814ZEL $CA MTN CAN s.a. CA74814ZEL $CA MTN CAN s.a. CA74814ZEL $CA MTN CAN s.a. CA74814ZEL $CA MTN CAN s.a. CA74814ZEL $CA MTN CAN s.a. CA74814ZEL $CA MTN CAN s.a. CA74814ZEL $CA MTN CAN % l.s s.a. CA74814ZEL $CA MTN CAN s.a. CA74814ZEL $CA MTN CAN s.a. CA74814ZEL $CA MTN CAN % l.s Various Various s.a. US748148NX $CA NI 1% a. Details p s.a. US748149AG $US QM Details p a. CH CHF MTN EURO s.a. CA748148PA $CA NG Details p s.a. CA74814ZAX $CA MTN CAN s.a. CA74814ZAX $CA MTN CAN s.a. CA74814ZAX $CA MTN CAN s.a CA74814ZAX $CA MTN CAN s.a. CA74814ZAX $CA MTN CAN s.a. US748148PB $US NJ 1% a. Details p a. XS MTN EURO % l.s s.a. CA74814ZEP $CA MTN CAN s.a. CA74814ZEP $CA MTN CAN % l.s s.a. CA74814ZEP $CA MTN CAN % l.s s.a. CA74814ZEP $CA MTN CAN % l.s s.a. CA74814ZEP $CA MTN CAN % l.s s.a. CA74814ZEP $CA MTN CAN % l.s s.a. CA74814ZEP $CA MTN CAN s.a. CA74814ZEP $CA MTN CAN s.a. CA74814ZEP $CA MTN CAN s.a. CA74814ZEP $CA MTN CAN s.a. CA74814ZEP $CA MTN CAN s.a. CA74814ZEP $CA MTN CAN a. XS MTN EURO a. CH CHF MTN EURO s.a. US748148PD $US NN 1% a. Details p s.a. CA74814ZES $CA MTN CAN 1% s.a s.a. CA74814ZES $CA MTN CAN 1% s.a s.a. CA74814ZES $CA MTN CAN 1% s.a s.a. CA74814ZES $CA MTN CAN 1% s.a. 18

19 2.4.BONDS AND LOANS Maturity Issue Date Issue price Coupon (%) (1) Outstanding Series/ Sinking ISIN Number Currency Date (000) Program fund (2) References s.a. CA74814ZES $CA MTN CAN 1% s.a s.a. CA74814ZES $CA MTN CAN 1% s.a s.a. CA74814ZES $CA MTN CAN 1% s.a s.a. CA74814ZES $CA MTN CAN 1% s.a s.a. CA74814ZES $CA MTN CAN 1% s.a s.a. CA74814ZES $CA MTN CAN 1% s.a s.a. CA74814ZES $CA MTN CAN 1% s.a s.a. CA74814ZES $CA MTN CAN 1% s.a s.a. US748149AH $US QO Details p a. CH CHF MTN EURO a. XS MTN EURO s.a. AU3CB $A MTN AUD s.a. AU3CB $A MTN AUD s.a. AU3CB $A MTN AUD s.a. AU3CB $A MTN AUD s.a. AU3CB $A MTN AUD s.a. AU3CB $A MTN AUD s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZDE $CA MTN CAN s.a. CA74814ZEV $CA MTN CAN 2% s.a s.a. CA74814ZEV $CA MTN CAN 2% s.a s.a. CA74814ZEV $CA MTN CAN 2% s.a s.a. CA74814ZEV $CA MTN CAN 2% s.a s.a. US74815HBZ $US MTN USD s.a. US74815HCB $US MTN USD s.a. US74815HCA $US MTN USD s.a. US74815HCC $US MTN USD s.a. US74815HCD $US MTN USD Various Various s.a. CA748148PZ $CA OC 1% a. a.c. Details p s.a. CA74814ZBH $CA MTN CAN 1% a s.a. CA74814ZCA $CA MTN CAN s.a. CA74814ZCX $CA MTN CAN s.a. CA74814ZDS $CA MTN CAN s.a. CA74814ZEJ $CA MTN CAN s.a. US748149AE $US MTN USD s.a. US74815HCF $US MTN USD s.a. US74815HCG $US MTN USD 12 19

20 2.4.BONDS AND LOANS Maturity Issue Date Issue price Coupon (%) (1) ISIN Number Date Outstanding (000) Currency Series/ Program Sinking fund (2) References s.a. US74815HCJ $US MTN USD s.a. US748148KA $US KL 1% a. Details p Various Various s.a. CA748148QG $CA OP q. CA74814ZDV $CA MTN CAN s.a. XS MTN EURO s.a. CA74814ZCD $CA MTN CAN s.a. XS MTN EURO s.a. XS MTN EURO s.a. US748148QR $US PD Details p Various Various s.a. CA748148QJ $CA OS 1% a. a.c. Details p a. N/A QH Details p a. N/A QI Details p Various Various s.a. CA748148QZ $CA PM s.a. CA748148RF $CA PS a. N/A QL Details p Various Various s.a. CA748148QT $CA PH Details p a. N/A QN Details p a. CA74814ZAH $CA MTN CAN s.a. CA74814ZAS $CA MTN CAN s.a. CA74814ZAT $CA MTN CAN s.a. CA74814ZBP $CA MTN CAN s.a. CA74814ZBP $CA MTN CAN s.a. CA74814ZBP $CA MTN CAN s.a. CA74814ZCB $CA MTN CAN s.a. CA74814ZCB $CA MTN CAN s.a. CA74814ZCB $CA MTN CAN s.a. US74815HCP $US MTN USD s.a. US74815HCH $US MTN USD s.a. CA74814ZDW $CA MTN CAN s.a. CA74814ZDW $CA MTN CAN s.a. CA74814ZDW $CA MTN CAN s.a. CA74814ZDW $CA MTN CAN s.a. CA74814ZDW $CA MTN CAN s.a. CA74814ZDW $CA MTN CAN s.a. CA74814ZDW $CA MTN CAN s.a. CA74814ZDW $CA MTN CAN Various Various s.a. CA748148RL $CA PX Details p s.a. CA74814ZDK $CA MTN CAN s.a. CA74814ZDK $CA MTN CAN s.a. CA74814ZDK $CA MTN CAN s.a. CA74814ZDK $CA MTN CAN s.a. CA74814ZDK $CA MTN CAN s.a. CA74814ZDK $CA MTN CAN s.a. CA74814ZDK $CA MTN CAN s.a. CA74814ZDK $CA MTN CAN s.a. CA74814ZDK $CA MTN CAN s.a. CA74814ZDK $CA MTN CAN 20

21 2.4.BONDS AND LOANS Maturity Issue Date Issue price Coupon (%) (1) ISIN Number Date Outstanding (000) Currency Series/ Program s.a. CA74814ZCC $CA MTN CAN Sinking fund (2) References s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZCJ $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN s.a. CA74814ZEF $CA MTN CAN 21

22 2.4.BONDS AND LOANS Maturity Issue Date Issue price Coupon (%) (1) ISIN Number Date Outstanding (000) Currency Series/ Program s.a. CA74814ZCW $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN s.a. CA74814ZEK $CA MTN CAN Sinking fund (2) References s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZER $CA MTN CAN 1% a s.a. CA74814ZDX $CA MTN CAN s.a. CA74814ZDX $CA MTN CAN s.a. CA74814ZDN $CA MTN CAN s.a. CA74814ZDN $CA MTN CAN s.a. CA74814ZDY $CA MTN CAN s.a. CA74814ZDY $CA MTN CAN s.a. CA74814ZDY $CA MTN CAN s.a. CA74814ZDJ $CA MTN CAN s.a. CA74814ZDJ $CA MTN CAN s.a. CA74814ZDJ $CA MTN CAN s.a. CA74814ZDJ $CA MTN CAN s.a. CA74814ZDZ $CA MTN CAN s.a. CA74814ZEA $CA MTN CAN s.a. CA74814ZEA $CA MTN CAN s.a. CA74814ZEB $CA MTN CAN 22