News

CDP financial’s CAD1 billion senior notes offering

Published Date
Sep 20 2024
Our capital markets team represented the agents in connection with a Regulation S offering by CDP Financial Inc. of CAD1bn aggregate principal amount of 3.650% Senior Notes due 2034 under its USD25 billion Senior Note Program. Notes issued under the Program are fully and unconditionally guaranteed by Caisse de dépôt et placement du Québec (CDPQ), parent company of CDP Financial Inc.

CDPQ is one of Canada’s leading institutional asset managers, based on assets under management, and is a mandatary (a limited, agent-like status) of the Province of Québec. As at June 30, 2024, it had CAD452bn in net assets for its depositors. CDPQ is, by law, the sole asset manager for the majority of the public-sector pension and insurance plans of the Province of Québec.

Our team was led by partner Ryan Robski (Toronto – Capital Markets) and associates Nicole Bennewies (Toronto – Capital Markets), Thomas Blecher (New York – Capital Markets) and Nick Slagter (Toronto – Capital Markets).

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