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by Chris Reich
Jan 14, 2026 12:07 PM ET
CDP Financial Inc (CADEPO), rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/DBRS), US$1.5bn 144A/ 3c7/ Reg S 5y FXD Sr Notes due 1/22/31. CIBC/CITI/JPM (B&D/DM)/TD joint books. Guarantor: Caisse de dépôt et placement du Québec ("La Caisse"). Coupon: Fixed, SA 30/360. First Pay: 7/22/26. Listing: Irish Stock Exchange plc trading as Euronext Dublin, unregulated market (GEM). Law: New York. Denoms: US$250k + US$1k. Pricing 1/14. Settle 1/22 (T+5). 144A ISIN: US125094BL55.
IPTs: SOFR MS+45 area.
GUIDANCE: SOFR MS+43bps area. IOIs in excess of $4.1bn (excluding JLM interests).
UPDATE: Spread set at SOFR MS+42#. Books in excess of $6.3bn (excluding JLM interests).
LAUNCHED: $1.5bn 5y at SOFR MS+42. Books in excess of $6.6bn (excluding JLM interests).
PRICED: $1.5bn 3.875% 1/22/31 99.878 3.902% SOFR MS+42 (T+19.0).