LÉVIS, QC, Jan. 20, 2014 /CNW Telbec/ - Today, Desjardins is issuing new
shares worth $500 million following the success of last year's first
issue of $1.5 billion in capital shares.
Offered exclusively to Desjardins caisse members in Québec, these
capital shares are issued by the Fédération des caisses Desjardins du
Québec and sold through the caisse network. The shares are issued in
order to boost the capitalization of the caisses and Desjardins Group.
The capital shares have a par value of $10 and the minimum amount for
each subscription is $100. The interest rate is set annually and may
not exceed the greater of the average annual yield for 5-year
Government of Canada bonds or 4.25%. For caisse members, acquiring
these shares represents a long-term investment with good return
potential and a great way to achieve healthy portfolio diversification.
Any members interested in acquiring capital shares should speak to their
caisse advisor and refer to the prospectus for detailed information on
the securities offered.
According to Monique F. Leroux, Chair of the Board, President and CEO of
Desjardins Group, "Desjardins ranks among the most stable financial
institutions in the world and this is in large part thanks to its
capitalization. This advantage also protects the company from economic
fluctuations while allowing for growth which benefits its members and
clients. Also, acquiring capital shares allows caisse members to show
their support towards the development of their cooperative."
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 $210
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: Desjardins Group
For further information:
Information (for journalists only):
Nathalie Genest, Spokesperson
514-281-7275 or 1-866-866-7000, ext. 7275