First Nations Finance Authority

First Nations Finance in its $163 million bond offering

Client

First Nations Finance Authority

Value

$163 million

Service

Capital Markets

Date Closed

October 2019

Lead Office

Vancouver


 

On October 31 2019, the First Nations Finance Authority completed a $163 million offering of aggregate principal amount 3.05% bonds. The offering was made through an underwriting syndicate comprised of National Bank Financial Inc., CIBC World Markets Inc., Laurentian Bank Securities Inc., RBC Dominion Securities Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., TD Securities Inc. and Casgrain & Company Ltd. 

The First Nations Finance Authority is a statutory not-for-profit organization without share capital. The FNFA’s purposes are to provide First Nations governments 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 First Nations Finance Authority with a team led by Trevor Scott (Corporate) and including Patrick Sullivan (Corporate) and Ian Morrison (Articling Student).


Team
Trevor R. Scott
Key Contact

Trevor R. Scott

Partner, Corporate

Patrick has a broad corporate practice with an emphasis in securities, mining and corporate gover..

Patrick Sullivan

Associate, Corporate

Ian Morrison

Ian Morrison

Articling Student