Caisse de Dépôt Completes $2B Senior Notes Offering

On January 15, 2010, CDP Financial Inc., a wholly owned subsidiary of the Caisse de dépôt et placement du Québec, completed an offering of $2 billion of senior notes, comprised of $1 billion of FRN (floating rate notes) senior notes due 2015 and $1 billion of 4.60 per cent senior notes due 2020.

The agents for the offering were National Bank Financial Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Desjardins Securities Inc., CIBC World Markets Inc., Merrill Lynch Canada Inc., Scotia Capital Inc., TD Securities Inc., Laurentian Bank Securities Inc. and Casgrain & Company Limited.

CDP Financial and the Caisse were represented by Claude Bergeron, Executive Vice-President, Legal Affairs and Secretariat, Sophie Lussier, Director, Legal Affairs, Financial Markets and Derivatives and Julie Tremblay, Legal Counsel; by Davies Ward Phillips & Vineberg LLP, in Canada, with a team that comprised Sylvain Cossette, Olivier Désilets, Sébastien Roy and Christine Lenis (corporate finance and securities) and Fred Purkey (tax); and by Paul, Weiss, Rifkind, Wharton & Garrison LLP, in the United States, with a team that comprised Edwin Maynard, David Huntington and Piibe Jogi (corporate finance and securities) and David Sicular and Mei Lai (tax).

The agents were represented in Canada and the United States by Osler, Hoskin & Harcourt LLP with a team that comprised, in Canada, Vitale Santoro, François Paradis and Bastien Gauthier (corporate finance and securities) and Mark Brender (tax); and, in the United States, Robert Lando and Mark Shubitz (corporate finance and securities) and William Corcoran (tax).