On June 11, 2007, Anglo American Capital plc launched its Canadian commercial paper program for the issuance of up to US$2 billion of commercial paper. The commercial paper is unconditionally guaranteed by its parent company, Anglo American plc.
The dealers for the commercial paper program are Bank of Montreal, RBC Dominion Securities Inc. and Scotia Capital Inc. DBRS Limited (formerly Dominion Bond Rating Services Limited) assigned an R-1 (middle) rating to the commercial paper. Net proceeds from the program will be used primarily to fund the global United States dollar and Canadian dollar requirements of Anglo American and its subsidiaries and affiliates.
Anglo Capital was advised by Fasken Martineau DuMoulin LLP with a team comprised of John Sabetti and Catherine Fraser (securities) and Kathleen Hanly (tax). Kieran Rayani of Linklaters LLP was UK counsel to Anglo Capital and Anglo American.