Dexia CAD Funding LLC launched its Canadian commercial paper program on January 31, 2007 for the issuance of up to $3.5 billion of commercial paper. The commercial paper is unconditionally guaranteed by its parent company, Dexia Crédit Local, acting through its New York branch.
The dealers for the commercial paper program are Bank of Montreal, CIBC World Markets Inc., RBC Dominion Securities Inc. and Scotia Capital Inc. Dominion Bond Rating Service Ltd. assigned an R-1 (high) rating to the commercial paper. Net proceeds from the program will be primarily used by Dexia CAD to fund the global Canadian dollar requirements of the Dexia Group.
Dexia CAD and Dexia Crédit Local, New York Branch were advised by Fasken Martineau DuMoulin LLP with a team comprised of Jim Lisson and Robert Elliott (financial institutions); John Sabetti (securities) and Kathleen Hanly (tax).
The dealers for the commercial paper program are Bank of Montreal, CIBC World Markets Inc., RBC Dominion Securities Inc. and Scotia Capital Inc. Dominion Bond Rating Service Ltd. assigned an R-1 (high) rating to the commercial paper. Net proceeds from the program will be primarily used by Dexia CAD to fund the global Canadian dollar requirements of the Dexia Group.
Dexia CAD and Dexia Crédit Local, New York Branch were advised by Fasken Martineau DuMoulin LLP with a team comprised of Jim Lisson and Robert Elliott (financial institutions); John Sabetti (securities) and Kathleen Hanly (tax).
