CDP Financial markets two-year notes with initial price talk at mid-swaps plus 19 bps area

By Cristal Cody

Tupelo, Miss., June 3 – CDP Financial Inc. (Aaa/AAA/AAA) plans to price a dollar-denominated offering of two-year guaranteed senior notes on Tuesday, according to a market source.

Initial price talk on the notes due June 11, 2021 was in the mid-swaps plus 19 basis points area.

The notes will be offered via Rule 144A and Regulation S.

BMO Capital Markets Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and HSBC Securities (USA) Inc. are the bookrunners.

Parent Caisse de depot et placement du Quebec will guarantee the notes.

CDP Financial is a Montreal-based financing arm of the public and parapublic pension plan and insurance program manager.

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