US$31B in Euro MTN Programs Renewed

Quebec’s US$10 billion Euro Medium Term Note Program was renewed on June 22, 2001, as well as Caisse centrale Desjardins du Québec’s US$5 billion Euro Medium Term Note Program, which was renewed on July 26, 2001.

Caisse centrale Desjardins was represented by Gilles Lapierre (Vice-President, Legal and Corporate Affairs) and Vincent Brossard (Counsel, Legal and Corporate Affairs). Peter S. Noble and Susan E. Mann of Ogilvy Renault’s London office acted as arranger’s counsel for Merrill Lynch International in connection with the renewals. Peter S. Noble also acted as arranger’s counsel for Credit Suisse First Boston (Europe) Limited in connection with the renewal of Hydro-Québec’s US$4 billion Euro Medium Term Note Program on June 28, 2001, with Pierre Sauvé and Bernard Blouin of Bélanger Sauvé acting for Hydro-Québec. Frank L. Picciola and Susan E. Mann (also of the Ogilvy Renault London office) acted for Royal Bank of Canada in connection with the renewal of its US$12 billion Euro Medium Term Note Program on August 3, 2001, with Marianne Sussex of Stikeman Elliott’s London office acting as counsel for the program arranger, Morgan Stanley.