On October 14, 2003, CDP Financial Inc., a wholly owned subsidiary of the Caisse de dépôt et placement du Québec, completed an offering of $750 million 4.2 per cent medium term notes due on October 14, 2008. The notes were issued pursuant to CDP Financial’s $1.5 billion medium term note program, and are part of its financing programs developed to meet the needs of the Caisse’s investment subsidiaries and to continually issue different types of debt securities, which financing programs also include CDP Financial’s $3 billion Canadian market commercial paper program launched in June 2003. RBC Dominion Securities Inc. and National Bank Financial led the MTN dealer syndicate, which included BMO Nesbitt Burns Inc., CIBC World Markets Inc., TD Securities Inc., Scotia Capital Inc., Desjardins Securities Inc. and Laurentian Bank Securities Inc.
For the MTN and CP programs, CDP Financial was represented in-house by Claude Bergeron, vice-president, legal; and Sophie Lussier, counsel; and by Davies Ward Phillips & Vineberg LLP, with a team that included Sylvain Cossette, Alain Roberge, David Torralbo, Marie-Christine Lemerise and Marc Trottier. The MTN dealers were represented by Fraser Milner Casgrain LLP, with a team that included Michel Brunet, Vitale Santoro and François Brais.