Fédération des caisses Desjardins du Québec issues Swiss Franc covered bonds of CHF 265,000,000 at 1.355% and CHF 175,000,000 at 1.420%

On April 18, 2024, Fédération des caisses Desjardins du Québec (FCDQ) issued Swiss Franc (CHF) covered bonds consisting of Series CBL23 CHF 265,000,000 at 1.355% due April 18, 2027 and Series CBL24 CHF 175,000,000 at 1.420% due April 18, 2030.
FCDQ, headquartered in Montreal, Quebec, is a component of the Desjardins Group, the largest federation of credit unions in North America.
McCarthy Tétrault advised FCDQ with a team led by Jo-Anna Brimmer that included Marc MacMullin, Candace Pallone (Financial Services), Jonathan Leung (Business) and Leila Far Soares (Articling Student).