Province Of Alberta’s $2.25 Billion Global Bond Offering

Province Of Alberta's $2.25 Billion Global Bond Offering

Paul, Weiss, Rifkind, Wharton & Garrison advised the Province of Alberta, Canada, while Davis Polk advised the underwriters in connection with the offering.

Province of Alberta issued an offering of $2.25 billion aggregate principal amount of 1.000% bonds due May 20, 2025.

The Province plans to apply the net proceeds from the sale of the bonds to general government purposes. 

BMO Capital Markets Corp., J.P. Morgan Securities plc, Scotia Capital (USA) Inc., TD Securities (USA) LLC, BofA Securities, Inc., CIBC World Markets Corp., National Bank of Canada Financial Inc., and RBC Capital Markets, LLC acted as underwriters for the offeirng.

The Davis Polk capital markets team advising the underwriters included partner Deanna L. Kirkpatrick (Picture), counsel Jeffrey S. Ramsay and associate David Li. The tax team included partner William A. Curran and associate Lex L. Varga. 

The Paul, Weiss team advising the Province of Alberta included corporate partner Chris Cummings. 

Involved fees earner: William Curran – Davis Polk & Wardwell; Deanna Kirkpatrick – Davis Polk & Wardwell; David Li – Davis Polk & Wardwell; Jeffrey Ramsay – Davis Polk & Wardwell; Lex Varga – Davis Polk & Wardwell; Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Davis Polk & Wardwell; Paul Weiss Rifkind Wharton & Garrison;

Clients: Bank of America Securities; BMO Capital Markets; CIBC World Markets Corp.; J.P. Morgan Securities LLC; National Bank of Canada Financial Inc.; Province of Alberta; RBC Capital Markets; Scotia Capital Inc.; TD Securities;

Author: Ambrogio Visconti