As part of its investment activities, CDPQ periodically issues debt securities.
The purpose of our financing programs is to contribute to the construction of a diversified and quality portfolio that benefits our depositors. They offer investors from around the world advantageous investment conditions that are among the safest available.
CDPQ: Leading global asset manager
- We rank among the largest institutional investors in the world, with CAD 392 billion in net assets as at June 30, 2022.
- We invest in the major financial markets, as well as in private equity, infrastructure, real estate and private credit, around the world.
- We take a business-owner approach and focus on the long term.
CDPQ at a glance
Our financing programs draw on CDPQ’s strong credit ratings to optimize our investment strategies while offering investors access to a high-quality Canadian issuer.
Since 2003, the main credit rating agencies have granted us their highest ratings.*
|Agency||Short-term rating||Long-term rating||Outlook||Recent reports|
|DBRS Ltd.||R-1 (high)||AAA||Stable||Download the PDF|
|Fitch Ratings Inc.**||F1+||AAA||Stable||Download the PDF|
|Moody’s Investors Service Inc.||Prime-1||Aaa||Stable||Download the PDF|
|S&P Global Ratings Inc.||A-1+
|AAA||Stable||Download the PDF|
* A credit rating in no way constitutes a recommendation to buy, sell or hold securities, and may be lowered or removed at any time by the credit rating agency.
** Fitch Ratings Inc. began providing a rating as of February 2019.
Our financing programs
As a global issuer, we can offer investors quality debt securities that meet their investment objectives.
We use debt programs based on our short- and long-term financing needs. As at June 30, 2022, we had USD 22.5 billion outstanding, broken down as follows:
Medium to long-term debt program
Maturity profile of issued securitiesTotal outstanding notes: USD 13 billion (market value)
Note: Presented at par value (in local currency where issued).
The completion of our recent issuances attests to the trust that global investors with various investment horizons place in CDPQ.
Issuance of USD 1.5 billion with 5-year maturity
CADEPO 1.750% 02/2027
Issuance of CAD 1.25 billion with 5-year maturity
CADEPO 1.500% 10/2026
Issuance of USD 2.5 billion with 5-year maturity
CADEPO 0.875% 06/2025
Issuance of USD 2 billion with 3-year maturity
CADEPO 1.000% 04/2023
Issuance of USD 1 billion green bond with 5-year maturity
CADEPO 1% 05/2026
More about CDPQ
Our independence is grounded in a stable legal framework and solid governance structure.
As an institutional investor, we adhere to strict governance rules. Integrity and responsibility are at the core of our activities.
Act, regulations and policies
Because of our status, we adhere to regulations and policies that are based on An Act respecting the Caisse de dépôt et placement du Québec.
This framework governs all our activities and allows us to execute our mission to invest with rigour, efficiency and transparency.