N-45° First CMBS Issuer Corporation, a wholly-owned indirect subsidiary of Caisse de dépôt et placement du Québec (the Caisse) and a subsidiary of Hypotheques CDPQ Inc., closed on October 26, 2000, a $251 million multi-tranche commercial mortgage-backed securities offering. The offering represents the Caisse’s third Canadian public CMBS issue within fifteen months, for an overall total of $750 million.
In this most recent issue, most of the securities ($234 million) were publicly placed pursuant to a prospectus receipted by all Securities Commissions of Canada, while the remaining $17 million was privately placed. Eight classes of bonds were issued, including an interest-only class. The bonds are backed by a pool of 57 commercial mortgages from five provinces. The underwriting syndicate was led by Scotia Capital.
The Issuer on this third deal was again represented by Gowling Lafleur Henderson LLP, with a team led by Pierre-Denis Leroux in Montreal. Other team members included real estate lawyers Alain Lalonde (Montreal), Stephane Lalande (Montreal), Garth Anderson (Calgary), Wayne Kerrick (Ottawa), securities lawyers Martine Guimond (Montreal), Gregory Turnbull (Calgary), John Ross (Toronto) and Louis Montpellier (Vancouver). The underwriters were represented by Fraser Milner Casgrain with a team led by Montreal’s Alain Roberge, assisted by Patrice Beaudin (securities).
In this most recent issue, most of the securities ($234 million) were publicly placed pursuant to a prospectus receipted by all Securities Commissions of Canada, while the remaining $17 million was privately placed. Eight classes of bonds were issued, including an interest-only class. The bonds are backed by a pool of 57 commercial mortgages from five provinces. The underwriting syndicate was led by Scotia Capital.
The Issuer on this third deal was again represented by Gowling Lafleur Henderson LLP, with a team led by Pierre-Denis Leroux in Montreal. Other team members included real estate lawyers Alain Lalonde (Montreal), Stephane Lalande (Montreal), Garth Anderson (Calgary), Wayne Kerrick (Ottawa), securities lawyers Martine Guimond (Montreal), Gregory Turnbull (Calgary), John Ross (Toronto) and Louis Montpellier (Vancouver). The underwriters were represented by Fraser Milner Casgrain with a team led by Montreal’s Alain Roberge, assisted by Patrice Beaudin (securities).
Lawyer(s)
Patrice Beaudin
Gregory G. Turnbull
John L. Ross
Alain Lalonde
Stéphane Lalande
Alain Roberge
Garth K. Anderson
Pierre-Denis Leroux
Martine Guimond
Wayne A. Kerrick