Hydro-Québec US$1,000,000,000 2.000% Global Notes Series JO due June 30, 2016 Guaranteed irrevocably and unconditionally by Québec FISCAL AGENCY AGREEMENTFiscal Agency Agreement • June 30th, 2011 • Hydro Quebec • Electric, gas & sanitary services
WHEREAS pursuant to a terms agreement (the “Terms Agreement”), dated as of June 23, 2011, between Hydro-Québec, the Guarantor, Merrill Lynch, Pierce, Fenner & Smith Incorporated, HSBC Securities (USA) Inc., National Bank Financial Inc., and RBC Capital Markets LLC, as Representatives of the several Underwriters named therein, which incorporates by reference all of the provisions of the Underwriting Agreement Standard Provisions for Hydro-Québec’s Debt Securities Guaranteed Irrevocably and Unconditionally as to Principal, Premium and Interest by Québec, dated June 23, 2011, as amended or supplemented from time to time, Hydro-Québec has agreed to create, issue and sell $1,000,000,000 in lawful money of the United States of America (“U.S. dollars” or “US$” or “$”) aggregate principal amount of 2.000% Global Notes Series JO due June 30, 2016 (herein collectively called the “Notes”, or individually, a “Note”), guaranteed irrevocably and unconditionally by the Guarantor as to payments of pri
HYDRO-QUÉBEC Guaranteed Irrevocably and Unconditionally as to Principal, Premium and Interest by QUÉBEC TERMS AGREEMENTTerms Agreement • June 30th, 2011 • Hydro Quebec • Electric, gas & sanitary services
On behalf of the several Underwriters named in Schedule I hereto and for their respective accounts, we offer to purchase on and subject to the terms and conditions of this Terms Agreement and the Underwriting Agreement Standard Provisions for Hydro-Québec’s Debt Securities Guaranteed Irrevocably and Unconditionally as to Principal, Premium and Interest by Québec, dated June 23, 2011 (the “Underwriting Agreement Standard Provisions”), the following Designated Securities on the following terms. All of the provisions of the Underwriting Agreement Standard Provisions attached hereto are herein incorporated by reference in their entirety and shall be deemed to be a part of this Terms Agreement to the same extent as if such provisions had been set forth in full herein. Except as otherwise indicated, capitalized terms used herein have the meaning specified in the Underwriting Agreement Standard Provisions:
