McGill University sold $150 million of 40-year debentures by private placement across Canada on September 20, 2002. The debentures bear a 6.15 per cent coupon and were priced at 99.483 to yield 6.183 per cent or 23 basis points above comparable Quebec bonds and 80 basis points above comparable Canada bonds. The agents for the offering were RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc.
The McGill legal team was led in-house by Line Thibault, general counsel and director of legal services, and included Sonia Struthers, Mireille Tremblay and Peter Roth of McCarthy Tétrault LLP. Jean Marc Huot and Robert Carelli of Stikeman Elliott acted for the agents.