Nachrichten July 24, 2014

Shearman & Sterling Advises on CDP Financial Inc.’s $2 Billion Senior Notes Offering

Shearman & Sterling represented Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman, Sachs & Co., as joint bookrunning managers, in connection with CDP Financial Inc.’s investment-grade Rule 144A/Regulation S offering of $2 Billion aggregate principal amount of 3.15% Senior Notes due 2024, fully and unconditionally guaranteed by Caisse de dépôt et placement du Québec (“La Caisse”).

La Caisse is one of the largest institutional asset managers in Canada and North America, based on assets under management, and is a mandatary (agent) of the Government of Québec. As of December 31, 2013, it held $200.1 billion in net assets. La Caisse is by law the sole asset manager for the majority of the public-sector pension and insurance plans of the Province of Québec.

The Team