Gaz Métropolitain Issues First Mortgage Bonds

On October 31, 2003, Gaz Métropolitain, inc. completed a new issue of $125 million principal amount of series I first mortgage bonds due October 31, 2033 guaranteed by Gaz Métropolitain and Company, Limited Partnership. National Bank Financial Inc. led the syndicate of dealers, which included CIBC World Markets Inc., BMO Nesbitt Burns Inc., Casgrain & Company Limited, RBC Dominion Securities Inc., TD Securities Inc., Desjardins Securities Inc. and Laurentian Bank Securities Inc.

Gaz Métropolitain was represented by Osler, Hoskin & Harcourt LLP, with a team that included Christiane Jodoin, Warren Katz, François Leblanc and Elaine Marchand (tax). The dealers were represented by Desjardins Ducharme Stein Monast, with a team that included Marc Rochefort and Serge Gloutnay (tax) and Valérie Douville and Benoît Dionne.