Cities, municipalities and municipal agencies in Québec (hereunder called municipalities) obtain financing on financial markets in two ways: by issuing bonds or by notes.

In the case of bond issues, municipalities can either make a public call for tenders or proceed by direct negotiation with a syndicate of brokers. These bonds offer a fixed-rate return and have maturities generally ranging from (1) one to (10) ten years. They are negotiable at any time and can be sold prior to maturity at a rate determined by the market.

In the case of notes, municipalities can also make a public call for tenders. Notes issued this way offer a fixed-return rate and have maturities generally ranging from (1) one to (5) five years. These securities are generally non-negotiable, but it may be possible to resell them.

This website allows financial institutions and brokerage firms accredited by the ministère des Finances to: i) view the public calls for tenders for debt securities issued for municipal financing purposes; ii) make their bids; and iii) view the published results of debt securities issued following a public call for tenders as well as the results of bonds issued following direct negotiation.

Investors wishing to acquire these securities must contact their securities broker or financial institution.