Fédération des Caisses Desjardins du Québec completes annual renewal of its C$ 26B Global Covered Bond Programme

On December 21, 2021, Fédération des caisses Desjardins du Québec ("FCDQ") completed annual renewal of its C$26 billion Global Covered Bond Programme. 

The covered bonds are unconditionally and irrevocably guaranteed as to timely payment of principal and interest by CCDQ Covered Bond (Legislative) Guarantor Limited Partnership. 

FCDQ 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 Laure Fouin that included Marc MacMullin and Candace Pallone (Financial Services), Tina Benson, Tamara Shabazova and Achille Treuil (Business).