Hydro-Quebec - 1957 dated Canadian $100,000 Specimen Bond - Canada
Inv# SE1599 Bond
ABN-Specimen Bond. Unique Vignette! Rare! Hydro-Québec is a Canadian Crown corporation headquartered in Montreal, Quebec, responsible for the generation, transmission, and distribution of electricity within the province, as well as exporting power to parts of the Northeast United States. With over 40 percent of Canada’s water resources located in Quebec, Hydro-Québec is the fourth largest hydropower producer globally.
Founded in 1944 as a Crown corporation through the expropriation of private companies, Hydro-Québec has since undertaken significant investments in hydroelectric projects, including the James Bay Project. The company operates 63 hydroelectric power stations, with a combined output capacity of 37,370 megawatts. It exports surplus power, supplying about 10 percent of New England's electricity needs. The company’s logo, featuring a stylized "Q" made from a circle and lightning bolt, was created by the Montreal design agency Gagnon/Valkus in 1960. In 2018, Hydro-Québec paid CA$2.39 billion in dividends to its sole shareholder, the Government of Quebec, and offers some of the lowest residential power rates in North America.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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