N-46 A-B Notes Issuer Inc., a member of CDP Capital – Mortgages and an indirect wholly-owned subsidiary of Caisse de dépôt et placement du Québec (CDP), closed on August 31, 2005 a $165.5 million senior/subordinate secured notes (A-B notes) offering in the Canadian market consisting of pay-through notes. The moneytized pool includes three large mortgage loans secured by major shopping centers located in the Province of Ontario, all of which were originated by CDP Capital – Mortgages which is the sole contributor to the pool. The $141 million class A notes were rated Aa2 and the $24.5 million class B notes were rated Baa1 by Moody's.
The issuer and the promoter, Hypothèques CDPQ Inc., another member of CDP Capital – Mortgages, were represented by McCarthy Tétrault LLP in Montreal and Toronto, with a team led by Pierre-Denis Leroux (structured finance, securitization and real estate & development) and also composed of Stéphane Lalande and Stéphanie Gilcher (real estate & development), Patrick Squire (real estate & development), Patrick Boucher, Frédéric Cotnoir and Julie Belley Perron (securities), Pierre Laflamme (taxation) and Michel Bergeron (translation).
Gespa CDPQ Inc., the Master Servicer and Special Servicer, was represented in-house by Josée Lebeau. CDP Capital – Real Estate Advisory Inc., responsible for the financial engineering of this transaction, was represented in-house by Irene Papavasil.
The placing agent, RBC Dominion Securities Inc. was represented by Borden Ladner Gervais LLP in Montreal with a team led by Rick Shannon (securities), assisted by Fred Enns and Élise Renaud (securities) and Pierre Côté (real estate).
The issuer and the promoter, Hypothèques CDPQ Inc., another member of CDP Capital – Mortgages, were represented by McCarthy Tétrault LLP in Montreal and Toronto, with a team led by Pierre-Denis Leroux (structured finance, securitization and real estate & development) and also composed of Stéphane Lalande and Stéphanie Gilcher (real estate & development), Patrick Squire (real estate & development), Patrick Boucher, Frédéric Cotnoir and Julie Belley Perron (securities), Pierre Laflamme (taxation) and Michel Bergeron (translation).
Gespa CDPQ Inc., the Master Servicer and Special Servicer, was represented in-house by Josée Lebeau. CDP Capital – Real Estate Advisory Inc., responsible for the financial engineering of this transaction, was represented in-house by Irene Papavasil.
The placing agent, RBC Dominion Securities Inc. was represented by Borden Ladner Gervais LLP in Montreal with a team led by Rick Shannon (securities), assisted by Fred Enns and Élise Renaud (securities) and Pierre Côté (real estate).
