Province of Alberta’s $2 Billion Global Bond Offering

Paul, Weiss represented the Province of Alberta, while Davis Polk advised the underwriters in connection with the offering.

Province of Alberta executed its public offering of $2 billion aggregate principal amount of 1.300% bonds due 2030. The Province plans to apply the net proceeds from the sale to general government purposes.

Barclays Bank PLC, CIBC World Markets Corp., RBC Capital Markets, LLC and TD Securities (USA) LLC acted as joint bookrunning managers on the offering.

The Paul, Weiss team advising the Province of Alberta included corporate partner Christopher Cummings (Picture) and tax partner David Mayo

The Davis Polk capital markets team advising the underwriters included partner Deanna L. Kirkpatrick, counsel Jeffrey S. Ramsay and associate David Li. The tax team included partner William A. Curran and associate Lex L. Varga. All members of the Davis Polk team are based in the New York office.

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; David Mayo – Paul Weiss Rifkind Wharton & Garrison;

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

Clients: Barclays Bank; CIBC World Markets Corp.; Province of Alberta; RBC Capital Markets; TD Securities;

Author: Ambrogio Visconti