On March 24, 2026, the First Nations Finance Authority (FNFA) completed an additional offering of $485 million in aggregate principal amount of 4.05 percent senior secured bonds, Series 2025-1, due June 1, 2035. The offering was made through an underwriting syndicate comprised of National Bank Financial Inc., CIBC World Markets Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities 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 Matthew Li (Financial Services).