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Client Work

Laurentian Bank of Canada completes US$100 million offering of Rate Reset Preferred Shares

Fasken
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Overview

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Various Clients

On March 17, 2016, Laurentian Bank of Canada completed an offering of $100 million of Non-Cumulative Class A Preferred Shares, Series 15 (Non-Viability Contingent Capital (NVCC)). The preferred shares were purchased by an underwriting syndicate on a bought deal basis and were offered for sale to the public in each of the provinces of Canada pursuant to a prospectus. The underwriters were led by BMO Nesbitt Burns Inc., TD Securities Inc. and RBC Dominion Securities Inc., and also included CIBC World Markets Inc., Laurentian Bank Securities Inc., National Bank Financial Inc., Scotia Capital Inc., Desjardins Securities Inc. and Canaccord Genuity Corp. Fasken Martineau acted as legal counsel to the syndicate of underwriters with a team that included Jean-Pierre Chamberland and Sébastien Bellefleur (securities), and Claude Jodoin (tax).

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