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NIF-T completes note offering

Date Closed

March 10, 2005

Lead Office



765.30 Million CAD

On March 10, 2005, NIF-T, a special purpose trust established in July 2001 to securitize leases originated by Nissan Canada Inc. (previously, Nissan Canada Finance Inc.) (NCI), acquired a pool of Nissan and Infiniti automobile lease receivables from NCI. The transaction was funded by NIF-T’s public issuance of C$570 million of senior medium term notes, C$36.3 million of subordinated medium term notes and the private issuance of approximately C$159 million of senior medium term notes. The transaction was led by Scotia Capital Inc.

McCarthy Tétrault LLP advised NIF-T with a team led by Michael McConnell.