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.
SOURCE: Capital Desjardins inc.
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