Capital Markets Capital Markets

CIBC World Markets Inc. in connection with Badger’s $300-million offering of 5.375% senior unsecured notes

On May 7, 2026, Osler acted for CIBC World Markets Inc. in connection with Badger’s $300-million offering of 5.375% senior unsecured notes due May 14, 2031. Osler, Hoskin & Harcourt LLP advised a syndicate of underwriters, led by CIBC World Markets Inc. and TD Securities Inc., with a team...

Lead Office: Toronto Date Announced: May 7, 2026 Value: $300 million

Xanadu in its US$300-million synthetic at-the-market program

On May 21, 2026, Xanadu Qunatum Technologies Limited (Xanadu) announced that it has entered into a synthetic at-the-market equity facility for up to US$300 million (the program) with YA II PN, Ltd. (Yorkville Advisors). Xanadu intends to use the net proceeds, if any, for working capital and...

Lead Office: Toronto Date Announced: May 21, 2026 Value: US$300 million

Alphabet in its $8.5-billion inaugural maple bond offering

On May 11, 2026, Alphabet Inc. closed its inaugural Canadian maple bond offering of $8.5 billion of notes, in four series with maturities ranging from five to 30 years. This issuance represents both the largest maple bond, as well as the largest corporate bond offering in Canadian history....

Lead Office: Toronto Date Announced: May 11, 2026 Value: $8.5 billion

Chartwell’s renewal of its at-the-market equity distribution program for the sale of up to $500 million of trust units

On May 7, 2026, Chartwell Retirement Residences (Chartwell) filed a base shelf prospectus and a prospectus supplement to renew its at-the-market equity distribution program (the ATM program). The ATM program allows Chartwell to issue up to $500 million of trust units from treasury to the public...

Lead Office: Toronto Date Announced: May 7, 2026 Value: $500 million

Dream Industrial REIT in its $200-million private placement

On April 21, 2026, Dream Industrial REIT completed a private placement of $200-million aggregate principal amount of 4.150% senior unsecured debentures. The debentures were offered on an agency basis by a syndicate of agents led by TD Securities Inc., Scotia Capital Inc., RBC Dominion Securities...

Lead Office: Toronto Date Announced: April 21, 2026 Value: $200 million

The Province of British Columbia in its US$5-billion offering

On April 23, 2026, the Province of British Columbia completed its offering of US$5 billion in aggregate principal amount of 4.050% bonds, Series BCUSG-20, due April 23, 2031. The offering was made through an underwriting syndicate led by BMO Capital Markets Corp., BofA Securities, Inc., Citigroup...

Lead Office: Vancouver Date Announced: April 23, 2026 Value: US$5 billion

BMO Capital Markets, RBC Capital Markets and National Bank Capital Markets in Artemis Gold Inc.’s inaugural $450-million senior unsecured note offering

On February 3, 2026, Osler acted for a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and National Bank Capital Markets in connection with Artemis Gold Inc.’s inaugural $450-million offering of senior unsecured notes. Osler, Hoskin & Harcourt LLP advised the...

Lead Office: Toronto Date Closed: February 3, 2026 Value: $450 million

The Syndicate of agents in HomeEquity Bank subsidiary CHIP Mortgage Trust’s (CMT) offering of $200 million in senior secured medium-term notes

On April 28, 2026, HomeEquity Bank subsidiary CHIP Mortgage Trust (CMT) closed its offering of $200 million aggregate principal amount of Series 2026-1 4.066% senior secured medium-term notes. The offering was completed on an agency basis through a syndicate of investment dealers led by TD...

Lead Office: Toronto Date Announced: April 28, 2026 Value: $200 million

The underwriters in the secondary offering of subordinate voting shares of Groupe Dynamite

On April 27, 2026, an entity controlled by Andrew Lutfy, the Chief Executive Officer of Group Dynamite Inc., completed the sale of 2,700,000 subordinate voting shares of Groupe Dynamite by way of a bought deal. The offering provided aggregate gross proceeds of $251 million to the selling...

Lead Office: Toronto Date Closed: April 27, 2026 Value: $251 million

First Nations Finance Authority in its $485-million offering of senior secured bonds

On March 24, 2026, the First Nations Finance Authority (FNFA) completed an additional offering of $485 million in aggregate principal amount of 4.05% senior secured bonds, Series 2025-1, due June 1, 2035. The offering was made through an underwriting syndicate comprised of National Bank Financial...

Lead Office: Vancouver Date Announced: March 24, 2026 Value: $485 million