By Cristal Cody
Tupelo, Miss., Feb. 25 – Caisse centrale Desjardins sold C$1.5 billion of 1.748% five-year deposit notes at par on Wednesday, according to a market source.
The notes due March 2, 2020 (Aa2/A+/DBRS: AA) priced with a spread of 98 basis points over the Government of Canada benchmark.
Desjardins Securities Inc. was the bookrunner.
Montreal-based Caisse centrale Desjardins is the treasury arm of financial services cooperative Desjardins Group.
| Issuer: | Caisse centrale Desjardins
|
| Securities: | Deposit notes
|
| Amount: | C$1.5 billion
|
| Maturity: | March 2, 2020
|
| Bookrunners: | Desjardins Securities Inc.
|
| Co-managers: | BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. (exempt coverage); CIBC World Markets Inc.; Scotia Capital Inc.; TD Securities Inc.; Casgrain & Co.; Laurentian Bank Securities, Inc. and National Bank Financial Inc.
|
| Coupon: | 1.748%
|
| Price: | Par
|
| Yield: | 1.748%
|
| Spread: | 98 bps over Government of Canada benchmark
|
| Pricing date: | Feb. 25
|
| Settlement date: | March 2
|
| Ratings: Moody’s: Aa2
|
| Standard & Poor’s: A+
|
| DBRS: AA
|
| Distribution: | Canada
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
