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The Fédération des caisses Desjardins du Québec issues $1 billion 2.856% Non-viability Contingent Capital Notes

Fasken
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Overview

Client

Dealer group led by Desjardins Securities, Scotia Capital and CIBC World Markets

On May 26, 2020, The Fédération des caisses Desjardins du Québec closed the issuance of $1 billion Non-viability Contingent Capital Notes due in 2030.

The offering was the inaugural offering of Non-viability Contingent Capital Securities by the Fédération des caisses Desjardins du Québec.

A Fasken team led by Peter Villani, including Jean-Pierre Chamberland, Alexandre Morin, Dan Su and Claude Jodoin advised the dealer group in connection with this matter.

Team

  • Peter Villani, Partner, Montréal, QC, +1 514 397 4316, pvillani@fasken.com
  • Jean-Pierre Chamberland, Partner, Montréal, QC, +1 514 397 5186, jchamberland@fasken.com
  • Claude E. Jodoin, M Fisc, Partner, Montréal, QC, +1 514 397 7489, cjodoin@fasken.com