FINANCIAL_SERVICESAPPROVED

Regional Municipality of Peel Debt Issuance Committee AgendaPacket 2026-05-28

Peel Region approves $300M debenture via CDS

$300,000,000.00 principal; interest at 4.85% per annum; $7,275,000.00 semi-annual interest payments; annual sinking fund deposits of $8,433,692.42Regional Municipality of PeelCDS CLEARING AND DEPOSITORY SERVICES INCMay 28, 2026

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Description

The Regional Municipality of Peel’s Debt Issuance Committee approved By-law 25-2026 authorizing a $300 million, 20-year 4.85% sinking fund debenture to be issued and settled through CDS Clearing and Depository Services Inc. as a global book-entry security. Proceeds will finance regional, Brampton, and Mississauga capital works, with semi-annual interest and annual sinking fund contributions until June 2, 2046.

Contract Details

Contract Amount

$300,000,000.00 principal; interest at 4.85% per annum; $7,275,000.00 semi-annual interest payments; annual sinking fund deposits of $8,433,692.42

Vendor

CDS CLEARING AND DEPOSITORY SERVICES INC

Agency

Regional Municipality of Peel, Canada

Contract Type

FINANCIAL_SERVICES

Document Date

May 28, 2026

Contract Term

June 2, 2026 – June 2, 2046 (20 years)

Renewal Date

2046-06-02

Renewal Info

Debenture matures June 2, 2046; By-law permits issuance of refinancing sinking fund debentures for Upper-tier Capital Works in an amount up to $55,276,287.20 for up to 11 additional years. No automatic renewal; any refinancing requires separate issuance.

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