Congress Financial Completes MTN Offering

On February 11, 2002, Congress Financial Capital Company (CFCC) completed an initial public offering by short-form prospectus of $300 million 4.55 per cent unsecured medium term notes due January 31, 2005. BMO Nesbitt Burns Inc. led the underwriting syndicate that included RBC Dominion Securities Inc. and TD Securities Inc. The notes are unconditionally guaranteed as to payment of principal, premium (if any), interest and certain other amounts by Wachovia Corporation in North Carolina.

Goodmans LLP represented Congress, with a team led by Jean Anderson and including Jeffrey Singer, Meredith Roth, Carrie Smit and Jon Northup. Wachovia was represented by in-house counsel Laurie Watts. The underwriting syndicate was represented by Debbie Alexander, Katy Waugh, and David Tetreault and Elizabeth Rumble (tax) of Osler, Hoskin & Harcourt LLP.