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Issuance of C$1 billion of 5.279% Non-Viability Contingent Capital (NVCC) Notes by Fédération des Caisses Desjardins du Québec

Fasken
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Overview

Client

Desjardins Securities Inc.

On May 15, 2024, the Fédération des Caisses Desjardins du Québec issued C$1 billion of 5.279% Non-Viability Contingent Capital (NVCC) Notes (Surborbinated Indebtedness) by way of prospectus supplement.

The notes were offered by a syndicate of dealers lead by Desjardins Securities Inc. compromised of Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Casgrain & Company Limited, Laurentian Bank Securities Inc. and Manulife Wealth Inc.

A Fasken team comprised of Peter Villani, Guillaume Saliah, Damien Hallé-Hannan, Valérie Chapdelaine (Capital Markets), Quentin Lageix and Youcef Belrachid (Tax) advised the dealers.

Jurisdiction

  • Québec

Team

  • Peter Villani, Partner, Montréal, QC, +1 514 397 4316, pvillani@fasken.com
  • Guillaume Saliah, Partner, Montréal, QC, +1 514 397 4371, gsaliah@fasken.com
  • Damien Hallé-Hannan, Associate, Montréal, QC, +1 514 397 4395, dhannan@fasken.com
  • Valérie Chapdelaine, Associate, Montréal, QC, +1 514 397 7490, vchapdelaine@fasken.com
  • Quentin Lageix, Partner, Montréal, QC, +1 514 397 7654, qlageix@fasken.com
  • Youcef Belrachid, Associate, Montréal, QC, +1 514 397 5205, ybelrachid@fasken.com