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).