On July 3, 2025, the First Nations Finance Authority (“FNFA”) completed its offering of $350 million in aggregate principal amount of 4.70 percent senior secured bonds, series 2025-2, due December 1, 2056. This was the inaugural offering of 30-year bonds by the FNFA. The offering was made through an underwriting syndicate comprised of CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Casgrain & Company Limited, Beacon Securities Limited and Cedar Leaf Capital Inc.

The FNFA is a statutory not-for-profit organization. FNFA’s purposes are to provide First Nations governments with investment options and capital planning advice and access to long-term loans with preferable interest rates.

Osler, Hoskin & Harcourt LLP acted as counsel to the FNFA with a team led by Trevor Scott, Vanessa Yee (Corporate) and Ian Morrison (Emerging and High Growth Companies).