LEVIS, QC, Feb. 4 /CNW Telbec/ - Desjardins Group, through Caisse
centrale Desjardins (CCD), successfully carried out two debt securities issues
on the European markets on January 28 and 30, 2008, for a total value of
nearly CAN$1.3 billion.
On January 28, CCD issued a 2-year variable-rate note for 210 million
Swiss francs (CAN$194 million). The bank acting as selling agent was Crédit
On January 30, CCD raised a total of 750 million euros (about
CAN$1.1 billion) at a fixed rate of 4.625% for a 3-year term. For this issue,
as with a previous issue, CCD worked with three major European financial
cooperatives: Calyon, DZ Bank A.G. and Natixis.
The overall amount of the issue was shared among 198 investors from
nearly a dozen countries, though mainly from France and Germany.
These two debt securities issues will enable the Caisse centrale, which
acts as treasurer to Desjardins Group, to procure sufficient funds to meet the
liquidities needs of the Desjardins network.
"We are thrilled at the response by European investors. This is an
eloquent illustration of Desjardins Group's reputation on international
markets and the excellence of its record. These issues will enable us to
support our network of caisses so that they can continue to provide their
individual and business members with financial resources that meet their
needs," stated Desjardins Group President and CEO, Mr. Alban D'Amours.
About Desjardins Group
Desjardins Group is the largest integrated cooperative financial group in
Canada, with overall assets of $147 billion, as at September 30, 2007. It
comprises a network of caisses, credit unions and business centres in Québec
and Ontario, and some twenty subsidiary companies in life and general
insurance, securities brokerage, venture capital and asset management, many of
which are active across the country. Drawing on the expertise of its 40,000
employees and the commitment of nearly 6,800 elected officers, Desjardins
offers its 5.8 million individual and corporate members and clients a full
range of financial products and services. Its physical distribution network is
complemented by leading-edge virtual access methods. To find out more, consult
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