Date Closed

March 24, 2011

Lead Office

Toronto

Value

1.00 Billion USD

Pursuant to its recently established €5 Billion Global Covered Bond Programme, La Caisse centrale Desjardins du Québec (“CCDQ”) completed an offering in the United States under Rule 144A and Regulation S of an aggregate amount of US$1 billion Series 1 2.55% covered bonds due March 24, 2016 (the “Covered Bonds”).  The Covered Bonds trade on the London Stock Exchange and are irrevocably and unconditionally guaranteed as to timely payment of principal and interest by CCDQ Covered Bond Guarantor Limited Partnership. RBS Securities Inc., Barclays Capital Inc., HSBC Securities (USA) Inc., and Morgan Stanley & Co. Incorporated acted as lead managers for the March 24, 2011 issuance.

McCarthy Tétrault LLP represented CCDQ, with a team led by Marc MacMullin.