Capital Desjardins Closes $500M Issuance Of Notes

Capital Desjardins Inc., a subsidiary of the Fédération des caisses Desjardins du Québec, closed the issuance of $500 million of 4.954 per cent Series J Senior Notes due 2026. This $500 million issuance of senior notes is the second to be made by Capital Desjardins under the terms of a base shelf prospectus dated July 30, 2010. The prospectus provides for the issuance of a maximum of $3 billion of senior notes and preferred shares; a previous issuance of $700 million of 3.797 per cent Series H Senior Notes due 2020 was completed on November 23, 2010.

Desjardins Securities Inc., BMO Capital Markets, Scotia Capital Inc., CIBC World Markets Inc., RBC Capital Markets, TD Securities Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Casgrain & Company Limited and Laurentian Bank Securities Inc. acted as agents with respect to the offering.

Capital Desjardins was represented by Desjardins Group's in-house team: Renaud Coulombe, Vice President, Legal Affairs, and Caroline Thomassin, Senior Director, Legal Affairs, Project and Financing; and assisted by Paul Raymond, Solomon Sananes, Nicholas Cerminaro and Meghan Stewart of Norton Rose OR LLP (now Norton Rose Canada LLP).
The agents were advised by Peter Villani and Christian Jacques of Fasken Martineau DuMoulin LLP.


Renaud Coulombe Caroline Thomassin Paul Raymond Solomon Sananes Peter Villani Nicholas Cerminaro