Nachrichten June 11, 2019

CDP Financial Inc.’s $2 Billion Senior Notes Offering

Shearman & Sterling represented BMO Capital Markets Corp., Citigroup Global Markets Limited, Goldman Sachs International and HSBC Bank plc, as agents, in connection with CDP Financial Inc.’s investment-grade Rule 144A/Regulation S offering of $2 billion aggregate principal amount of 2.125% senior notes due 2021 under its $20 billion Senior Notes Program (the “Program”). Notes issued under the Program are fully and unconditionally guaranteed by Caisse de dépôt et placement du Québec (“Caisse”), parent company of CDP Financial Inc.

Caisse is one of Canada’s leading institutional asset managers, based on assets under management, and is a mandatary (a limited, agent-like status) of the Government of Québec. As of December 31, 2018, it held C$309.5 billion in net assets. 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