Caisse de dépôt et placement du Québec participates in bond financing of the CHUM
The Caisse de dépôt et placement du Québec announced today that it has subscribed for $408 M of the long-term bond issue of the Health Montréal Collective LP, the consortium contracted to build and manage the new Centre hospitalier de l’Université de Montréal (CHUM) as a PPP (public-private partnership). The consortium’s fixed-rate bond carries a maturity of 38 years and will be amortized over the hospital’s operational phase.
“We are delighted to be playing a significant role in the financing of a project of strategic importance to both Montréal and Québec,” stated Marc Cormier, Executive Vice-President, Fixed Income, at the Caisse de dépôt et placement du Québec. “The risk, return, and maturity characteristics of this issue are a natural fit with the long-term orientations of our bond porfolio.”
ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2010, it held $151.7 billion in net assets. As one of Canada’s leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information: www.cdpq.com.
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