Fairstone Financial Issuance Trust I and RBC Dominion Securities close C$322.44M offering of Series 2019-1 Notes

Date Closed

March 22, 2019

Lead Office

Toronto

Value

322.44 Million CAD

On March 22, 2019, Fairstone Financial Issuance Trust I (“FFIT I”), as issuer, and RBC Dominion Securities Inc., as lead placement agent, closed an offering of $322,440,000 of Series 2019-1 Notes. The Series 2019-1 Notes were backed by a diverse pool of fixed rate, non-revolving, secured and unsecured personal loans originated by Fairstone Financial Inc.

Fairstone Financial Inc., formerly CitiFinancial Canada, offersCanadians personalized and responsible loan solutions. 

RBC Dominion Securities is the brand used by Royal Bank of Canada for full service brokerage services, primarily in Canada, and forms part of RBC's Wealth Management division.

McCarthy Tétrault LLP acted as Canadian counsel for the placement agents, with a team comprised of Gabrielle Richards (Tax), Mike McConnell, Mary Jeanne Phelan and Chris Bamford (Business Law).

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