Shearman And Sterling

News February 14, 2023

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

Shearman & Sterling represented the agents in connection with CDP Financial Inc.’s investment-grade Rule 144A/Regulation S offering of $2 billion aggregate principal amount of 4.5 percent senior notes due 2026 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, based on assets under management, and is a mandatary of the Government of Québec. As at June 30, 2022, it held C$392 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