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Public Sector Pension completes the issue of an additional US$400 million 5-year notes

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Overview

Client

Public Sector Pension Investment Board

On February 27, 2009, PSP Capital Inc. (PSP Capital), a wholly-owned subsidiary of the Public Sector Pension Investment Board (PSP), completed an additional issuance of $400 million in principal amount of 4.57% Notes, Series 1 due December 9, 2013 (the Series 1 Notes) to bring to $1,000,000,000 the principal amount of Series 1 Notes issued since December 9, 2008. The Series 1 Notes are unconditionally and irrevocably guaranteed by PSP. The issuance was completed on a private placement basis with the help of a dealer syndicate co-led by TD Securities Inc. and RBC Dominion Securities Inc., and including BMO Nesbitt Burns Inc., CIBC World Markets Inc. and Scotia Capital Inc. The Series 1 Notes have been confirmed a rating of AAA by DBRS Limited and AAA by Standard & Poors' Ratings Services, a Division of The McGraw-Hill Companies (Canada) Corporation. PSP Capital and PSP were represented by a financial team led by John Valentini, Executive Vice President, Chief Operating Officer and Chief Financial Officer of PSP, and including Dino Rambidis, Corporate Controller of PSP, Renaud de Jaham, Treasurer of PSP, and Andrew Bastien, Manager, Treasury of PSP. PSP Capital and PSP were also represented by a legal team led by Assunta Di Lorenzo, First Vice President and General Counsel of PSP, and including Alison Breen, in-house counsel of PSP. PSP Capital and PSP were assisted by Fasken Martineau with a team led by Robert Paré and including Gilles Leclerc and Nicolas Morin (corporate and securities).

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