First Nations Finance Authority in its $452 million offering of Senior Secured Bonds

On June 11, 2024, the First Nations Finance Authority (“FNFA”) completed an additional offering of $452 million in aggregate principal amount of 4.10% Senior Secured Bonds, Series 2024-1, due June 1, 2034. The offering was made through an underwriting syndicate comprised of TD Securities Inc., RBC Dominion Securities Inc., National Bank Financial Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., CIBC World Markets Inc., Laurentian Bank Securities Inc. and Casgrain & Company Limited.

FNFA is a statutory not-for-profit organization. FNFA’s purposes are to provide First Nations governments with investment options and capital planning advice and access to long-term loans with preferable interest rates.

Osler, Hoskin & Harcourt LLP acted as counsel to FNFA with a team led by Trevor Scott (Corporate) and including Ian Morrison (Emerging and High Growth Companies).