Hydro Quebec is issuing a 125 mlnCanadian dlr bond due April 21, 1997 paying nine pct and priced
at 100-3/4 pct, lead manager Merrill Lynch International said.
    The bond is available in denominations of 1,000 and 5,000
dlrs and will be listed in Luxembourg.
    Fees comprise 1-1/4 pct selling concession and 3/8 pct each
for management and underwriting. Pay date is April 21.
 REUTER
