On November 19, 2002, RBC Dominion Securities Inc. obtained a receipt for a final base shelf prospectus for the Coupons And ResidualS (CARS) and Par Adjusted Rate Securities (PARS) programme, an offering of strip securities to be derived from up to $3 billion of investment grade debt obligations of various Canadian corporations and trusts.
The first offering under the programme closed on November 26, 2002, in respect of 5.43 per cent PARS and certain strip coupons derived from $30 million in the aggregate of 10.35 per cent debentures, series EC, of Bell Canada due December 15, 2009. On December 9, 2002, the second offering under the programme closed in respect of 5.58 per cent PARS and certain strip coupons derived from $52 million in the aggregate of 10.625 per cent debentures, series Q of TransCanada PipeLines Limited due October 20, 2009. An MRRS Decision Document was obtained from the Canadian securities regulatory authorities to permit, among other things, the base shelf prospectus system to be used for the programme.
Mihkel Voore, Donald Belovich and Kevin Kelly of Stikeman Elliott acted as counsel to RBC Dominion Securities in connection with obtaining regulatory relief, filing the base shelf prospectus and establishing the programme.
The first offering under the programme closed on November 26, 2002, in respect of 5.43 per cent PARS and certain strip coupons derived from $30 million in the aggregate of 10.35 per cent debentures, series EC, of Bell Canada due December 15, 2009. On December 9, 2002, the second offering under the programme closed in respect of 5.58 per cent PARS and certain strip coupons derived from $52 million in the aggregate of 10.625 per cent debentures, series Q of TransCanada PipeLines Limited due October 20, 2009. An MRRS Decision Document was obtained from the Canadian securities regulatory authorities to permit, among other things, the base shelf prospectus system to be used for the programme.
Mihkel Voore, Donald Belovich and Kevin Kelly of Stikeman Elliott acted as counsel to RBC Dominion Securities in connection with obtaining regulatory relief, filing the base shelf prospectus and establishing the programme.
Lawyer(s)
Mihkel E. Voore
Donald G. Belovich