Capital Desjardins announces an early redemption of Senior Notes due 2021

LÉVIS, QC, April 27, 2016 /CNW Telbec/ - Capital Desjardins Inc. announced that it has called for redemption all of its outstanding $500 million principal amount at 5,541% Series F Senior Notes due 2021.

The Notes will be redeemed on June 1st, 2016 at a price equal to the principal amount thereof, together with accrued and unpaid interest to but excluding June 1st, 2016.

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 sixth largest cooperative financial group in the world with assets of $248.1 billion. It has been rated one of the Best Employers in Canada by Aon Hewitt. 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. Considered North America's strongest bank according to Bloomberg News, Desjardins has one of the highest capital ratios and credit ratings in the industry.

 

SOURCE Capital Desjardins inc.

For further information: (media inquiries only): André Chapleau, Public Relations, 514 281-7229 or 1-866-866-7000, ext. 5553436, media@desjardins.com


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