On May 9, 2002, Capital Desjardins Inc. completed an initial public offering of $500 million 5.552 per cent series B senior notes due 2012 and $300 million 6.322 per cent series C senior notes due 2017. Capital Desjardins is a special purpose entity that forms part of the Mouvement des caisses Desjardins, Quebec's leading financial institution and the sixth largest, in terms of assets, in Canada. The proceeds of the offering are to be used to increase the tier-two capital of the over eight hundred caisses that form the basis of the Mouvement des caisses Desjardins.

The underwriting syndicate was co-led by BMO Nesbitt Burns Inc., CIBC World Markets Inc. and Desjardins Securities Inc., and included RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Merrill Lynch Canada Inc., National Bank Financial Inc. and Laurentian Bank Securities Inc. Fasken Martineau acted for the underwriters, with a team composed of Robert Paré, Gilles Leclerc, Marie-Josée Neveu, François-Bernard Poulin and Alain Ranger (tax).