On March 2, 2022, the First Nations Finance Authority (“FNFA”) completed its offering of a $354 million aggregate principal amount of 2.85% Senior Secured Bonds, Series 2022-1, due June 1, 2032. The offering was made through an underwriting syndicate comprised of National Bank Financial Inc., Scotia Capital Inc., CIBC World Markets Inc., TD Securities Inc., BMO Nesbitt Burns Inc., Laurentian Bank Securities Inc., RBC Dominion 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 and including Ian Morrison, Megan Young, Sylvia Rowat and Christian Garton (Corporate).