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Client Work

WestLB AG, New York Branch launches US$3 billion Canadian commercial paper program

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On August 21, 2006, WestLB AG, through its New York Branch, launched a Canadian commercial paper program for the issuance of up to US$3 billion of commercial paper. The dealers for the commercial paper program are Bank of Montreal and RBC Dominion Securities Inc. Dominion Bond Rating Service Limited assigned an R-1 (low) rating to the commercial paper. Net proceeds from the program will be primarily used for general working capital purposes including the funding of accounts globally. WestLB AG, New York Branch was advised by Fasken Martineau with a team comprised of Robert Elliott (financial institutions), John Sabetti and Sarah Gingrich (securities).


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