CDP Financial's C$750 Million Senior Notes Offering

Shearman & Sterling represented BMO Capital Markets, CIBC Capital Markets, National Bank Financial Markets, RBC Capital Markets, Casgrain & Company Limited, Desjardins Capital Markets, Laurentian Bank Securities, Scotiabank and TD Securities, as agents, in connection with a Regulation S offering by CPD Financial Inc. of C$750 million aggregate principal amount of 4.200% Senior Notes due 2030 under its $25 billion Senior Notes Program. Notes issued under the Program are fully and unconditionally guaranteed by Caisse de dépôt et placement du Québec (CDPQ), parent company of CDP Financial Inc.

CDPQ is one of Canada's leading institutional asset managers, based on assets under management, and is a mandatary (a limited, agent-like status) of the Government of Québec. As at June 30, 2023, it held C$424 billion in net assets. CDPQ is, by law, the sole asset manager for the majority of the public-sector pension and insurance plans of the Province of Québec.

• Jason Lehner
• Ryan Robski
• Corinna Pilon
• Daniel (Yoon Sik) Choi