Quebec Ready To Provide $100 Million In Debentures To Habs Investors

From The Canadian Press:

MONTREAL — Quebec's finance minister says the provincial government is willing to provide an unsecured bond to help investors who are interested in buying the Montreal Canadiens.

Raymond Bachand said Monday he has told Jacques Menard, the chairman of BMO Nesbitt Burns, that Quebec is ready to provide a modest amount, "like $100 million of debentures."

Habs majority owner George Gillett has retained the services of BMO to assess all alternatives regarding a potential sale of the team.

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