CIBC World Markets in connection with C$150M series A debenture offering of Montreal Port Authority
March 22, 2021
150.00 Million CAD
On March 22, 2021, Montreal Port Authority completed a C$150 million principal amount of 3.24% unsecured series A debentures private placement lead by CIBC World Markets. This is the first debenture offering for the Montreal Port Authority. The net proceeds from the sale of the offering will be used to repay outstanding bank indebtedness, with the balance being used for general corporate purposes, including Montreal Port Authority’s capital program.
CIBC World Markets Inc. is the investment banking subsidiary of the Canadian Imperial Bank of Commerce that operates as an investment bank both in the domestic and international equity and debt capital markets.
McCarthy Tétrault LLP advised CIBC World Markets Inc. with a team led by Fraser Bourne and Mathieu Dubord that included Isabelle Nazon, Camille Marceau, Brian Lipson, and Marc-Antoine Addoumie (Business); Camille Bélanger and Jacques Rousse (Labour and Employment); Amélia Fong (Environmental) and Philippe Côté (Real Property and Planning).