Transactions & Cases Detail
Genesis Trust® II completes C$1 billion initial asset-backed notes offering
October 4, 2013
1 Billion CAD
On October 4, 2013, Genesis Trust® II completed an initial public offering of C$1,040,582,727 of fixed rate real estate secured line of credit-backed notes.
The offering was made through a syndicate of underwriters led by TD Securities, and including BMO Nesbitt Burns, CIBC World Markets, National Bank Financial, RBC Dominion Securities and Scotia Capital.
Genesis Trust® II is a special purpose securitization vehicle that issues asset-backed notes to the public to finance the purchase of co-ownership interests in a pool of receivables generated in real estate secured line of credit accounts established by The Toronto-Dominion Bank and The Canada Trust Company.
TD Bank, headquartered in Toronto, is a major financial products and services provider.
McCarthy Tétrault LLP represented TD Bank Group and Genesis Trust® II as issuer, with a team led by Marc MacMullin.