FCDQ's inaugural Swiss Franc covered bond issuance of CHF325M

On January 31, 2023, Fédération des caisses Desjardins du Québec ("FCDQ") completed its inaugural Swiss Franc (CHF) covered bond issuance of CHF 325,000,000 at 1.735% due January 31, 2028.

FCDQ, headquartered in Montreal, Quebec, is a component of the Desjardins Group, the largest federation of credit unions in North America.

McCarthy Tétrault LLP advised FCDQ with a team led by Jo-Anna Brimmer that included Marc MacMullin, Candace Pallone, Jonathan Leung and Christopher Yam (Financial Services).