Commentary & Deal Flow

CDP Financial Inc., wholly owned and fully guaranteed by Caisse de dépôt et placement du Québec (La Caisse), (ticker: "CADEPO") rated Aaa/AAA/AAA/AAA (Moody's/S&P/Fitch/DBRS), has mandated Barclays, BofA Securities, Natixis, RBC Capital Markets and Scotiabank as joint bookrunners to lead manage their upcoming 7-year Fixed Rate €-denominated 144A/Reg S/3c7 benchmark transaction.

An expected € benchmark, 144A/Reg S/3c7, senior unsecured 7yr € offering will follow in the near future, subject to market conditions.

• Manufacturer target market (MIFID II/MIFIR product governance): eligible counterparties and professionals.