Capital Markets

First Nations Finance Authority’s commercial paper program

First Nations Finance Authority (FNFA)
Key Contact
Trevor R. Scott

Partner, Corporate, Vancouver

Team
Ian Morrison

Associate, Emerging and High Growth Companies, Vancouver

Martha Martindale

Partner, Financial Services, Vancouver

Matthew Li

Associate, Financial Services, Vancouver

In November 2024, the First Nations Finance Authority (FNFA) established a $900-million commercial paper program. The Bank of Montreal, Canadian Imperial Bank of Commerce, Laurentian Bank Securities Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and The Toronto-Dominion Bank are acting as dealers.

FNFA is a statutory not-for-profit organization without share capital. 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 the FNFA with a team including Trevor Scott, Ian Morrison (Corporate), Martha Martindale and Matthew Li (Financial Services).

Value
$900 million
Date Closed
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Lead Office
Vancouver
Key Contact
Trevor R. Scott

Partner, Corporate, Vancouver

Team
Ian Morrison

Associate, Emerging and High Growth Companies, Vancouver

Martha Martindale

Partner, Financial Services, Vancouver

Matthew Li

Associate, Financial Services, Vancouver