Capital Markets

First Nations Finance Authority in its $1.4-billion commercial paper program First Nations Finance Authority in its $1.4-billion commercial paper program

First Nations Finance Authority
Key Contact
Trevor R. Scott

Partner, Corporate, Vancouver

Team
Vanessa Yee

Associate, Corporate, Vancouver

Martha Martindale

Partner, Financial Services, Vancouver

Emma Newbery

Associate, Financial Services, Vancouver

In August 2026, the First Nations Finance Authority (FNFA) established a $1.4-billion commercial paper program. The Bank of Montreal, the Canadian Imperial Bank of Commerce, National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., and Toronto-Dominion Bank are acting as dealers under the program.

The FNFA is a statutory not-for-profit organization that provides First Nations governments with investment options, capital planning advice and access to long-term loans at favourable interest rates.

Osler, Hoskin & Harcourt LLP acted as counsel to the FNFA in connection with the establishment of the commercial paper program with a team that included Trevor Scott, Vanessa Yee (Corporate); Martha Martindale and Emma Newbery (Financial Services).

Value
$1.4 billion
Date Announced
August 1, 2026
Lead Office
Vancouver
Key Contact
Trevor R. Scott

Partner, Corporate, Vancouver

Team
Vanessa Yee

Associate, Corporate, Vancouver

Martha Martindale

Partner, Financial Services, Vancouver

Emma Newbery

Associate, Financial Services, Vancouver