On September 9, 2021, Desjardins Group, the leading cooperative financial group in North America and the fifth largest cooperative financial group in the world, announced that it has launched an initial offering of CAN$500 million in sustainable bonds in the Canadian market.
The net proceeds raised from this issue will be used to finance or refinance loans, investments and internal or external projects that meet the green assets or social assets eligibility criteria, such as renewable energy, sustainable food production and affordable housing.
This issuance is part of a broader program that should lead Desjardins to solicit the sustainable bond market on a number of occasions in the next years.
A Fasken team composed of Peter Villani and Alexandre Morin advised the brokers in connection with this transaction.
Jurisdiction
- Québec
