Capital Desjardins Completes $700M Offering of Series H Senior Notes Due 2020

On November 23, 2010, Capital Desjardins Inc., a subsidiary of the Fédération des caisses Desjardins du Québec, closed the issuance of $700 million of 3.797 per cent Series H Senior Notes due 2020. This $700 million issuance of senior notes is the first to be made by Capital Desjardins under the terms of a base shelf prospectus dated July 30, 2010, which provides for the issuance of a maximum of $3 billion of senior notes and preferred shares.

Desjardins Securities Inc., RBC Capital Markets, TD Securities Inc., BMO Capital Markets, CIBC World Markets Inc., Scotia Capital Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Casgrain & Company Limited and Laurentian Bank Securities Inc. acted as agents with respect to the offering.

Capital Desjardins was represented in-house by a team from the Desjardins Group composed of Renaud Coulombe, Vice President, Legal Affairs and Compliance, Caroline Thomassin, General Manager, Legal Affairs, Project and Financing, Strategy, Performance and Development, Mylène Masse, Legal Counsel and Patrick Nadeau, Senior Strategic Advisor, Finance and Treasury Executive Division and Office of the CFO; and assisted by Paul Raymond, Solomon Sananes and Nicholas Cerminaro of Ogilvy Renault LLP.

The agents were advised by Peter Villani and Christian Jacques of Fasken Martineau DuMoulin LLP.