Quebecor’s Videotron Likely Last IG Deal Pre-Election
- Deal expected to be last before election, Fed policy meeting
- Company’s debt was upgraded to investment grade in May
A Videotron store in Montreal, Quebec.
Photographer: Andrej Ivanov/BloombergThis article is for subscribers only.
The final investment-grade bonds expected to be sold before the US presidential election may come from north of the border as Canadian telecom Videotron Ltd. is the lone issuer to tap the market Monday.
The Quebecor Inc. unit sold a long 10-year note, according to a person with knowledge of the matter, who asked not to be identified as the details are private. The note will yield 1.4 percentage point above comparable Treasuries, down from initial talk of around 1.6 percentage point.