On January 24, 2025, the Fédération des Caisses Desjardins du Québec issued C$1,25 billion of 4.264% 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 RBC Dominion Securities Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., TD 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, Mathieu Kiriakos (Capital Markets), Quentin Lageix and Youcef Belrachid (Tax) advised the dealers.
