Quebec-based, gas distributor Gaz Métropolitain, Inc. renewed its commercial paper programme on November 27, 2002. Under the programme, the company can issue up to $300 million of short-term promissory notes. This programme renews the one that was in place since 1987.
The short-term promissory notes can be issued in multiples of $1,000 subject to a minimum of $100,000 in Canadian or U.S. funds and shall mature up to, but not exceeding, 365 days from their date of issue.
Stikeman Elliott LLP acted for Gaz Métropolitain, with a team comprised of Christine Desaulniers, Benoît Dubord and Nicolas Vanasse.