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DESJARDINS GROUP USD 5.0YR FIG AA+ FIXED RATE SYNDICATED BROWNIE BOND MARKET PLACEMENT (USC34201UA68)

Post Date: 27 November 2023
Fédération des caisses Desjardins du Québec has priced a syndicated USD denominated Brownie market bond which matures in 2028. 

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Issuer Details
Issuer Fédération des caisses Desjardins du Québec
LEI 549300B2Q47IR0CR5B54
Industry Diversified Financial Services
Country United States
Issuer Description Fédération des caisses Desjardins du Québec is a federation of financial services cooperatives owned by the Desjardins caisses. It is responsible for orientation, framework, coordination and development activities for Desjardins Group. It provides its member caisses with a variety of services, including certain technical, financial and administrative services. It also offers financing, banking and international services to institutional organizations (governments, municipalities, school districts, etc.), large and medium-sized businesses and various Desjardins Group entities. Fédération des caisses Desjardins du Québec acts as treasurer for Desjardins Group and as its financial agent on Canadian and international markets. As treasurer, Fédération des caisses Desjardins du Québec develops and implements liquidities and asset liability management strategies for Desjardins Group. It is also responsible for meeting the liquidity needs of Desjardins Group, as well as increasing and diversifying its sources of funds on national and international markets. As financial agent for Desjardins Group, Fédération des caisses Desjardins du Québec represents its member caisses with Payments Canada. On behalf of Desjardins Group, it guarantees and assumes the clearing for banking instruments with the Bank of Canada, and assumes settlement of securities and derivatives negotiated on Canadian and international markets.. Federation des caisses Desjardins du Quebec operates as a bank. The Company offers cards, loans, savings and investment, wealth management, insurance, and other related products and services. Federation des Caisses Desjardins du Quebec serves clients in Canada.
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Trade Details
Security Type Bond
Amount USD [Login to see full details]
Total Amount including taps USD [Login to see full details]
Total Amount Outstanding USD [Login to see full details]
Total Order Book USD [Login to see full details]
Structure Fixed Rate
Coupon [Login to see full details]
Reoffer [Login to see full details]
It came at a spread of [Login to see full details] in the Brownie bond market.
Term [Login to see full details]
Yield Notes [Login to see full details]
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Settlement Date [Login to see full details]
Maturity Date [Login to see full details]

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A Brownie bond is an USD-denominated bond issued by a United-States entity in the USA Domestic Bond market.

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