Shearman And Sterling

News April 26, 2023

CDP Financial’s NOK 600 Million Senior Notes Offering

Shearman & Sterling represented RBC Capital Markets in connection with a Regulation S offering by CDP Financial Inc. of NOK 600 million aggregate principal amount of 3.54% Senior Notes due 2038 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, by law, the sole asset manager for the majority of the public-sector pension and insurance plans of the Province of Québec.

The Team