Desjardins issues $800 million in notes

Caisse centrale Desjardins is issuing $800 million in fixed-rate medium term notes that will mature in four years.

This is the organization’s first debt issue on the Canadian market this year and its biggest to date.

The medium-term notes are dated October 17, 2012, and will reach maturity on October 17, 2016. They will bear interest at a fixed rate of 2.281%, paid semi-annually.

The notes have been rated AA by DBRS Limited, Aa1 by Moody’s Investors Service, Inc. and AA- by Standard & Poor’s.

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