Capital Desjardins announces an early redemption of Senior Notes due 2019
LÉVIS, QC, Feb. 27, 2014 /CNW Telbec/ - Capital Desjardins Inc. announced that it has called for redemption all of its outstanding $500 million principal amount at 5,756% Series E Senior Notes due 2019.
The Notes will be redeemed on April 1, 2014 at a price equal to the principal amount thereof, together with accrued and unpaid interest to but excluding April 1, 2014.
About Capital Desjardins
A wholly-owned subsidiary of the Fédération des caisses Desjardins du Québec, Capital Desjardins, offers its own securities in the financial markets and invests the proceeds in securities issued by Desjardins caisses. When caisses need capital, they do business with Capital Desjardins, which acts as a bridge between them and institutional investors by consolidating the securities they issue.
About Desjardins Group
Desjardins Group is the leading cooperative financial group in Canada and the fifth largest cooperative financial group in the world with assets of $212 billion. It has been rated one of Canada's top 100 employers by Mediacorp Canada. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. The group has one of the highest capital ratios and credit ratings in the industry. It is considered as the fourth safest and strongest bank in North America according to Global Finance magazine and Bloomberg News respectively.
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