FORM 18-K
For Foreign Governments and Political Subdivisions Thereof
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL REPORT
of
QUÉBEC
(Name of Registrant)
Date of end of last fiscal year: March 31, 2022
SECURITIES REGISTERED*
(As of close of fiscal year)
| Amounts as to | Names of | |
| Title of issue | which registration | exchanges on |
| is effective | which registered | |
| N/A | N/A | N/A |
Name and address of person authorized to receive notices and communications from the Securities and Exchange Commission:
Martine Hébert
Délégation générale du Québec
One Rockefeller Plaza
26th Floor
New York, N.Y. 10020-2102
Copies to:
| Catherine M. Clarkin | Alain Bélanger |
| Sullivan & Cromwell LLP | Ministère des Finances du Québec |
| 125 Broad Street | 390 boulevard Charest Est |
| New York, N.Y. 10004-2498 | Québec, Québec, G1K 3H4, Canada |
* The Registrant is filing this Annual Report on a voluntary basis.
The information set forth below is to be furnished:
| l. | In respect of each issue of securities of the Registrant registered, a brief statement as to: | ||
| (a) | The general effect of any material modifications, not previously reported, of the rights of the holders of such securities. | ||
| Not applicable. | |||
| (b) | The title and the material provisions of any law, decree or administrative action, not previously reported, by reason of which the security is not being serviced in accordance with the terms thereof. | ||
| Not applicable. | |||
| (c) | The circumstances of any other failure, not previously reported, to pay principal, interest, or any sinking fund or amortization installment. | ||
| Not applicable. | |||
| 2. | A statement as of the close of the last fiscal year of the Registrant giving the total outstanding of: | ||
| (a) | Internal funded debt of the Registrant. (Total to be stated in the currency of the Registrant. If any internal funded debt is payable in a foreign currency it should not be included under this paragraph (a), but under paragraph (b) of this item.) | ||
| Reference is made to table 25, pages 51 to 62 of Exhibit 99.1 hereto for Borrowings - Government. | |||
| (b) | External funded debt of the registrant. (Total to be stated in the respective currencies in which payable. No statement need be furnished as to intergovernmental debt.) | ||
| Reference is made to table 25, pages 51 to 62 of Exhibit 99.1 hereto for Borrowings - Government. | |||
| In addition there was outstanding internal and external funded debt of others guaranteed by the Registrant. Reference is made to table 23, page 48 of Exhibit 99.1 hereto for Guaranteed Funded Debt. | |||
| 3. | A statement giving the title, date of issue, date of maturity, interest rate and amount outstanding, together with the currency or currencies in which payable, of each issue of funded debt of the Registrant outstanding as of the close of the last fiscal year of the registrant. | ||
| Reference is made to table 25, pages 51 to 62 of Exhibit 99.1 hereto for Borrowings - Government. | |||
| 4. | (a) | As to each issue of securities of the Registrant which is registered, there should be furnished a breakdown of the total amount outstanding, as shown in Item 3, into the following: | |
| (1) | Total amount held by or for the account of the Registrant. | ||
| Not applicable. | |||
| (2) | Total estimated amount held by nationals of the Registrant (or if Registrant is other than a national government by the nationals of its national government); this estimate need be furnished only if it is practicable to do so. | ||
| Not applicable. | |||
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| (3) | Total amount otherwise outstanding. | ||
| Not applicable. | |||
| (b) | If a substantial amount is set forth in answer to paragraph (a)(1) above, describe briefly the method employed by the Registrant to reacquire such securities. | ||
| Not applicable. | |||
| 5. | A statement as of the close of the last fiscal year of the Registrant giving the estimated total of: | ||
| (a) | Internal floating indebtedness of the Registrant. (Total to be stated in the currency of the Registrant.) | ||
| Reference is made to table 20, page 44 of Exhibit 99.1 hereto for Borrowings - Government, Borrowings - to finance Government Enterprises and Municipal Sector Debt. The item “floating indebtedness” refers to indebtedness with an original maturity of less than one year. | |||
| (b) | External floating indebtedness of the Registrant. (Total to be stated in the respective currencies in which payable.) | ||
| Reference is made to lead-in paragraph to table 21, page 45 and table 21, page 46 of Exhibit 99.1 hereto for Borrowings-Government. The item “floating indebtedness” refers to indebtedness with an original maturity of less than one year. | |||
| 6. | Statements of the receipts, classified by source, and of the expenditures, classified by purpose, of the Registrant for each fiscal year of the Registrant ended since the close of the latest fiscal year for which such information was previously reported. These statements should be so itemized as to be reasonably informative and should cover both ordinary and extraordinary receipts and expenditures; there should be indicated separately, if practicable, the amount of receipts pledged or otherwise specifically allocated to any issue registered, indicating the issue. | ||
| Reference is made to table 13, page 29 and table 14, page 32 of Exhibit 99.1 hereto. | |||
| 7. | (a) | If any foreign exchange control, not previously reported, has been established by the Registrant (or if the Registrant is other than a national government, by its national government), briefly describe such foreign exchange control. | |
| None. | |||
| (b) | If any foreign exchange control previously reported has been discontinued or materially modified, briefly describe the effect of any such action, not previously reported. | ||
| Not applicable. | |||
This Annual Report comprises:
| (a) | The cover page and pages numbered 2 to 5 consecutively. | |
| (b) | The following exhibits: | |
| (99.1) Québec Description dated as of May 16, 2022. |
This Annual Report is filed subject to the Instructions for Form 18-K for Foreign Governments and Political Subdivisions thereof.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Annual Report to be signed on its behalf by the undersigned, thereunto duly authorized, at Québec, Canada, as of the 16th day of May 2022.
| QUÉBEC | ||
| By: | /s/ Alain Bélanger | |
| Alain Bélanger | ||
| Assistant Deputy Minister |
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EXHIBIT INDEX
| Sequentially | ||||
| Exhibit | Numbered | |||
| Number | Description | Pages | ||
| 99.1 | Québec Description dated as of May 16, 2022. |
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