Date Closed

October 14, 2021

Lead Office

Montréal

Value

750.00 Million USD

On October 14, 2021, Fédération des caisses Desjardins du Québec completed an issuance of US$750 million 1.200% Series CBL13 Covered Bonds due October 14, 2026. The offering was conducted pursuant to FCDQ's Global Covered Bond Programme.

The covered bonds are unconditionally and irrevocably guaranteed as to timely payment of principal and interest by CCDQ Covered Bond (Legislative) Guarantor Limited Partnership. 

FCDQ is a component of the Desjardins Group, the largest federation of credit unions in North America. 

McCarthy Tétrault LLP advised FCDQ with a team led by Laure Fouin that included Marc MacMullin and Candace Pallone (Financial Services), Tina Benson, Tamara Shabazova and Loïc Turner (Business).