On August 26, 2008, Ontario Infrastructure Projects Corporation (IO) completed a private placement of $300 million aggregate principal amount of 3.95 per cent Infrastructure Renewal Bonds, Series 2008-A1 due June 3, 2013. The net proceeds will be used to provide municipalities, universities and other prescribed public bodies in the Province of Ontario with financing for the development or renewal of public infrastructure.
The dealer syndicate for the offering of the bonds was led by TD Securities Inc. and included BMO Nesbitt Burns Inc., Scotia Capital Inc., CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Casgrain & Company Limited, Laurentian Bank Securities Inc., Merrill Lynch Canada Inc., Desjardins Securities Inc. and Canaccord Capital Corporation.
IO was represented by its in-house counsel, Dermot Muir, vice president, corporate legal services and corporate secretary and Navin Katyal, legal counsel, corporate legal services, and by its external counsel, Davies Ward Phillips & Vineberg LLP, with a team comprised of Carol Pennycook and Sonny Bhalla.
The dealers were represented by Cassels Brock & Blackwell LLP with a team comprised of Jeffrey Roy and Hanif Nori.