Financial Services

First Nations Finance Authority (FNFA) in its offering of $650 million Senior Secured Bonds

First Nations Finance Authority
Key Contact
Trevor R. Scott

Partner, Corporate, Vancouver

Team
Ian Morrison

Associate, Emerging and High Growth Companies, Vancouver

Matthew Li

Associate, Financial Services, Vancouver

On January 14, 2025, the First Nations Finance Authority (FNFA) completed its offering of $650 million in aggregate principal amount of 4.05% Senior Secured Bonds, Series 2025-1, due June 1, 2035. The offering was made through an underwriting syndicate comprised of Scotia Capital Inc., Casgrain & Company Limited, CIBC World Markets Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc. and Beacon Securities Limited.

The First Nations Finance Authority is a not-for-profit First Nation institution that plays a crucial role in the social and economic development of First Nations across Canada by providing qualifying First Nations with access to the capital markets at competitive rates.

Osler, Hoskin & Harcourt LLP advised First Nations Finance Authority with a team consisting of Trevor Scott (Corporate), Ian Morrison (Emerging and High Growth Companies) and Matthew Li (Financial Services).

Value
$650 million
Date Announced
Jan 14, 2025
Lead Office
Vancouver
Key Contact
Trevor R. Scott

Partner, Corporate, Vancouver

Team
Ian Morrison

Associate, Emerging and High Growth Companies, Vancouver

Matthew Li

Associate, Financial Services, Vancouver