Nachrichten April 26, 2023

CDP Financial’s C$1.25 Billion Senior Notes Offering

Shearman & Sterling represented CIBC Capital Markets, Desjardins Capital Markets, National Bank Financial Markets, TD Securities, BMO Capital Markets, Casgrain & Company Limited, Laurentian Bank Securities, RBC Capital Markets and Scotiabank in connection with a Rule 144A/Regulation S offering by CPD Financial Inc. of C$1.25 billion aggregate principal amount of 3.700% Senior Notes due 2028 under its $25 billion Senior Notes Program. Notes issued under the Program are fully and unconditionally guaranteed by Caisse de dépôt et placement du Québec parent company of CDP Financial Inc.

Caisse is one of Canada’s leading institutional asset managers. As at December 31, 2022, it held C$402 billion in net assets. Caisse is the sole asset manager for the majority of the public-sector pension and insurance plans of the Province of Québec.

The Team